Overview
- The U.S. Treasury published a temporary license permitting business with Rosneft Deutschland and RN Refining & Marketing until 12:01 a.m. ET on April 29, 2026.
- The authorization also covers any entity in which those two companies hold, directly or indirectly, a 50% or greater interest.
- The move follows a German request, with Berlin arguing the subsidiaries are under state trusteeship and not controlled by Moscow.
- Comprehensive U.S. and U.K. sanctions on Rosneft, Lukoil and their affiliates remain in effect and apply extraterritorially.
- The license provides legal certainty for operations at assets such as the PCK Schwedt refinery as Germany pursues a longer-term resolution.