Berlin: The German Economy Ministry has clarified its interpretation of the recent United States sanctions against Russian oil companies, stating that the measures are not aimed at Rosneft’s German subsidiaries. This announcement comes amid heightened geopolitical tension and concerns over energy security in Europe.
A ministry spokesperson told Reuters that Berlin assumes the U.S. sanctions “are not intended for Rosneft’s German subsidiaries, or for the refineries and companies in which those subsidiaries hold stakes, including PCK Schwedt, BAYERNOIL, and MiRO.” The statement seeks to reassure domestic stakeholders that German-based refineries linked to Rosneft will not face immediate restrictions under the new U.S. measures.
The sanctions, part of Washington’s ongoing effort to tighte