Berlin is reportedly seeking to secure domestic refining operations as the Middle East conflict rattles global energy markets
The US will exempt the German subsidiary of Russia’s state-owned oil giant Rosneft from sanctions indefinitely, Bloomberg has reported, citing sources.
The arrangement, expected to be officially announced on Friday, would ensure continuing refining operations in Germany as the escalating Middle East conflict has triggered fears of disruptions to oil and gas supplies, the outlet wrote on Wednesday.
Rosneft Deutschland holds stakes in three German refineries that have been under state administration, known as a…
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