WASHINGTON (Reuters) -The United States issued a Russia-related general license authorizing transactions involving Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, according to a posting Wednesday on a Treasury Department website. The transactions are authorized through 12:01 a.m. EDT, April 29, 2026, the website said. Washington had floated a six-month deadline for Berlin to […]
Business
US issues general license for German assets of Russia’s Rosneft, website shows
Audio By Carbonatix
WASHINGTON (Reuters) -The United States issued a Russia-related general license authorizing transactions involving Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, according to a posting Wednesday on a Treasury Department website.
The transactions are authorized through 12:01 a.m. EDT, April 29, 2026, the website said.
Washington had floated a six-month deadline for Berlin to sort out the ownership limbo affecting the German assets of Russian oil major Rosneft (ROSN.MM), allowing Rosneft to be temporarily exempted from U.S. sanctions, Bloomberg News reported on Monday, citing people familiar with the matter.
The Trump administration had conveyed to German counterparts that it was considering granting the non-renewable, limited general license, the report said.
(Reporting by Katharine Jackson; Editing by Doina Chiacu)