Germany Earned €275 Million From Shareholding in Former Unit of Gazprom
- Payment fulfills obligation of a ‘claw-back’ mechanism
- Former Russian Gazprom unit was seized by Germany in 2022
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Germany has earned €275 million ($301 million) from its shareholding in Securing Energy for Europe GmbH (SEFE), a former unit of Russia’s state gas giant Gazprom PJSC.
The figure — set out in a paper accompanying a draft law that was approved by the cabinet on Wednesday — represents a partial repayment of the 2022 bailout, a company spokesperson said. SEFE is obliged to make such payments as part of a “claw-back” mechanism set up by the European Union.