Germany has revived talks about taking control of Rosneft’s local operations after U.S. sanctions on the Russian oil firm, including a refinery that supplies most of Berlin’s fuel, according to two people familiar with the matter
The situation highlights the complex web linking Germany with Russia, which supplied Europe’s industrial powerhouse with energy in the decades leading up to the war in Ukraine.
The U.S. Treasury said on Wednesday it had issued a licence exempting Rosneft’s German arm from the U.S. sanctions until April 2026.
Securing a permanent exemption remains Berlin’s preferred option, but German officials are also examining potentially seizing the operations and selling them to a foreign investor, the two people said.
A spokesperson for the economy ministry said it ha

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