The German government extended until March 10, 2026 the trust management of the assets of the Russian oil company “Rosneft” in the country This was reported by the Reuters agency.
This is already the sixth continuation of management, which is renewed every six months. The decision was made ahead of this week’s deadline. In September 2022, after the start of Russia’s full-scale war against Ukraine, the shares of Rosneft came under state control. in Schwedt, MiRo and Bayernoil refineries.
Berlin has not yet gone for full nationalization, choosing the option of de facto control through trust management, in which the legal right of ownership formally remains with the Russian company. “Rosneft”, Russia’s largest oil producer, has been trying to sell its German assets, including a 54.17% stake in the Schwedt refinery, but talks with potential buyers, including Qatar, have so far been unsuccessful.
We remind you that in March 2024, “Rosneft” announced the start of the sale of its German assets, planning to complete the process by September. Russian media evaluate assets of “Rosneft” in Germany approximately 7 billion dollars.
