The German Economics Ministry said Friday it has approved the sale of RWE AG ‘s oil and natural gas exploration subsidiary RWE Dea AG to an investment holding vehicle of Russian entrepreneur Mikhail Fridman , despite growing Russo-German tensions over the Ukraine crisis. Fridman’s LetterOne Group and RWE agreed the deal in March which valued Dea at €5.1 billion ($6.8 billion), including €600 million in liabilities. The ministry said it has no objections to the sale to Luxembourg-based LetterOne. “The decisive factor for our decision was that LetterOne is an EU-based investor and that we see no indication for any kind of improper bypassing,” said Economics Ministry spokeswoman Tanja Alemany Sanchez de León. “In addition, we don’t expect that this planned acquisition will have any negative impact on Germany’s security of [oil and gas] supply.” An RWE spokeswoman said: “With this decision, we have cleared another hurdle.” The company […]