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Germany intensifies controls over Russian oil operators following the Foreign Trade Law
The German Ministry of Economic Affairs has initiated a thorough scrutiny process of the assets of Russian oil companies with operational presence in Germany. According to reports from Jin10, these actions will be carried out in accordance with the Foreign Trade Law, allowing the ministry to issue asset freeze orders that could extend beyond the initial six months.
This inspection strategy in the energy sector responds to increasing regulatory pressure focused on foreign capital, particularly on oil companies linked to Russia. The measures underscore Germany's commitment to strengthening oversight mechanisms on investments and operations of extractive companies in the country, amid contemporary geopolitical tensions. The process signifies a tightening of regulatory stance towards assets of Russian origin.