RWE & RUSSIA: $5.6 BLN
The UK has blocked the sale of North Sea gasfields from Germany's RWE to a multibillion-dollar investment fund backed by Russian billionaire Mikhail Fridman.
Ed Davey, energy secretary, has told the companies that a proposal that the fields be kept separate from LetterOne Group's other energy businesses for a number of years had failed to alleviate his concerns about the impact possible future sanctions against Russian companies could have on the "continued operation of these 12 producing North Sea fields".
In a statement on Saturday , the Department of Energy and Climate Change said "if the proposed acquisition…
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