On Friday the German government seized control of a major Russian-owned oil refinery. A unit of Russian oil firm Rosneft is now under the trusteeship of the German industry regulator. Its taken over the business' Schwedt refinery, which supplies 90% of Berlin's fuel.
More info here: Germany Tightens Control Over Industry With Russian Oil Grab
and here: Germany takes control of Russian-owned refinery amid energy crisis
This raises the stakes with risks of further retaliation from Putin, further restrictions of Russian energy flow in Europe.
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Hapless Russian leader Putin:
![putin 11 May 2022](https://images.forexlive.com/images/putin%2011%20May%202022_id_32e1d296-8df0-4fce-af10-e4f16b679553_original.jpg)