Kremlin: Germany's plans to confiscate Rosneft's assets undermine investor confidence

Kremlin spokesman Dmitry Peskov said on Thursday that Germany's plans to confiscate shares of Moscow's energy champion Rosneft would have negative consequences and undermine investors' confidence and Europe's investment attractiveness.

Germany's Economy Ministry informed Rosneft earlier this week that it was considering expropriating shares in the company's German assets, the Russian oil giant's law firm in Germany said on Thursday, adding that it would take all measures to protect shareholders' rights.