Exclusive-Germany examines nationalising Rosneft arm after Trump sanctions, say sources

Germany's energy security is at stake as the US sanctions on Rosneft's German branch, including the Schwedt oil refinery, loom. The refinery, a critical fuel source for Berlin and eastern Germany, was taken over by the German government in 2022. With the sanctions deadline approaching, Germany must decide whether to seek a permanent exemption, seize the operations, or sell to a foreign investor. However, each option carries risks, including potential retaliation from Russia and a hefty compensation bill. The value of Rosneft's German assets is uncertain, and potential buyers are scarce due to legal and political uncertainty. Germany is caught between maintaining energy security and navigating complex international relations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.