Overview
- The U.S. Treasury published a rule permitting business with Rosneft Deutschland and RN Refining & Marketing, also covering companies at least 50% owned by them.
- Berlin welcomed the decision as providing legal certainty for the PCK Schwedt refinery, which supplies fuel, heating oil and jet fuel to Berlin and northeastern Germany.
- Officials said the exemption also safeguards operations at the Miro refinery in Karlsruhe and the Bayernoil refinery in Vohburg, with the three sites accounting for 34% of Germany’s refinery output last year.
- The previous general license was due to expire on April 29, 2026; the new action removes the deadline and clarifies that the trusteeship-separated German entities are not captured by U.S. oil‑sector sanctions.
- The outcome followed intensive German‑U.S. talks, including Chancellor Friedrich Merz’s visit to Washington this week, after sanctions announced in October broadly targeted Rosneft, Lukoil and their subsidiaries.