Washington has imposed new restrictions on Rosneft, which still owns stakes in its German operations
German Chancellor Friedrich Merz has said he assumes that the US will grant an exemption for the German subsidiary of Russia’s state-owned oil giant Rosneft from newly imposed sanctions.
Speaking to reporters at an EU summit in Brussels on Thursday, Merz said the issue had already been discussed “briefly” with Washington.
Rosneft retains stakes in three refineries in Germany that were placed under state administration in 2022 following the escalation of the Ukraine conflict and ensuing sanctions. The company’s German operations account for about…
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