Overview
- OFAC issued a general license allowing transactions with Rosneft Deutschland and RN Refining & Marketing until April 29, 2026, temporarily insulating the operations from new U.S. sanctions.
- Germany says it is working with U.S. authorities on a durable, legally secure arrangement that would extend protection beyond the current license period.
- According to people familiar with the talks, the government is also weighing state intervention options, including nationalization or a forced sale, though compensation risks remain a concern.
- Rosneft Deutschland holds stakes in PCK Schwedt, MiRo Karlsruhe and Bayernoil, assets representing about 12% of national refining capacity and critical fuel supply for eastern Germany and Berlin.
- U.S. officials have signaled an expectation of roughly six months to deliver a Russia‑free ownership structure, while Germany’s treuhand control of the assets runs through March 10, 2026.