U.S. Gives Rosneft’s German Refinery Network Open-Ended Sanctions Exemption

The U.S. government will exempt the German units of Russian oil major Rosneft PJSC from sanctions indefinitely, Reuters reported on Wednesday, noting that the exemption applies to Rosneft Deutschland and RN Refining & Marketing, both of which have been under German federal trusteeship since 2022. According to Germany’s Economy Minister Katherina Reiche, the U.S. issued a “Letter of Comfort” on Tuesday, acknowledging that the two businesses had been fully separated from their parent company in Russia. The indefinite status succeeds a previous…