US Temporarily Lifts Sanctions on Rosneft Subsidiaries in Germany

The United States has temporarily lifted sanctions on two German subsidiaries of Russian oil giant Rosneft, following assurances from Berlin that the companies are no longer under Russian control.

According to a directive issued by the US Department of the Treasury,

“All transactions prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), involving Rosneft Deutschland GmbH (RN Germany) or RN Refining & Marketing GmbH (RN Refining & Marketing), or any entity in which RN Germany or RN Refining & Marketing own, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest, are authorized through 12:01 a.m. eastern daylight time, April 29, 2026.”

German authorities have maintained that the assets in question have been separated from Rosneft’s corporate structure since 2022, when they were placed under state trusteeship to secure national energy supplies. The German government argues that the companies, while formerly linked to Russia, are now independently managed and essential to domestic fuel stability.

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Among the key assets is the PCK refinery in Schwedt, which accounts for more than 12% of Germany’s fuel refining capacity. Rosneft holds a 54.17% stake in the facility, which is also one of Brandenburg’s largest employers—a politically sensitive point in a region where support for the far-right Alternative for Germany (AfD) party is growing.

In addition to the controlling stake in PCK, Rosneft’s German operations include 24% of the MiRo refinery and 28.57% of Bayernoil.

German Minister for Economic Affairs Katharina Reiche told Reuters that the companies would be exempted from sanctions because the assets are “no longer under Russian control.”

Previously, Russian oil giant Lukoil announced it has begun preparations to sell its international assets in response to mounting Western sanctions.

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