Schwedt faces mass layoffs due to problems at a local refinery after EU sanctions cut off its access to Russian supplies
The authorities in the German town of Schwedt want sanctions on Russian oil lifted due to growing problems at a local refinery that depended on Russian supplies, Politico reported on Friday, citing local officials.
The report focuses on Germany’s fourth-largest refinery, Schwedt PCK, where Rosneft remains the majority owner. The facility, which supplies over 90% of the oil used by the city of Berlin, lost access to Russian crude in 2022 after Moscow halted pipeline deliveries to Poland and Germany due to EU sanctions.
Though…
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