Romania’s energy ministry has flagged significant national security concerns regarding the proposed sale of E.ON Energie Romania to Hungary’s state-owned energy company, MVM. E.ON Energie Romania, one of the country’s largest energy providers with 3.4 million customers, plays a critical role in Romania’s energy landscape.
The potential buyer, MVM, relies heavily on Russian gas, raising fears of economic dependencies that could jeopardize Romania’s and the EU’s energy security.
The Romanian government has formally alerted the Commission to Examine Foreign Direct Investment (CEISD), a body responsible for ensuring that foreign investments do not compromise national interests. The ministry has pointed to potential risks of “shadow control” and “decisive influence” due to MVM’s Russian ties.
Additionally, the sale agreement reportedly allows for the possibility of E.ON Energie Romania being resold to entities outside the EU, increasing the risk of control being transferred to organizations that may not adhere to European laws or values.
READ ALSO: TikTok Faces Total Shutdown in U.S. Amid Legal Pressure
Energy Minister Sebastian Burduja has emphasized Romania’s commitment to defending its national security and supporting the EU’s broader goal of eliminating dependency on Russian gas.
This strong stance reflects the heightened sensitivity surrounding energy security in the region, particularly in the wake of ongoing geopolitical tensions.
As the CEISD reviews the proposed deal, the Romanian government’s firm position highlights its prioritization of safeguarding critical infrastructure. The outcome of this decision will likely have far-reaching implications, both for Romania’s energy sector and for the broader European approach to foreign investments in strategic industries.
REUTERS
Discover more from Cine critique
Subscribe to get the latest posts sent to your email.