Story perspectives
UK Grants Sanctions Exemptions to German Rosneft Subsidiaries
10/24/2025
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Story summary
- The United Kingdom granted sanctions exemptions to two German Rosneft subsidiaries under state control, allowing activity with Rosneft Deutschland and RN Refining & Marketing through March 2026.
- The United Kingdom expanded sanctions against Rosneft and Lukoil, targeting foreign partners and imposing asset freezes.
- Rosneft criticized the nationalization as unlawful, and the Kremlin warned sanctions could backfire.
- German authorities have managed Rosneft's assets since February 2022 amid the Ukraine conflict.
