Finance
Germany extends trusteeship of Rosneft assets to March
Published by Global Banking & Finance Review®
Posted on September 8, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 8, 2025
1 min readLast updated: January 22, 2026
Germany extends its trusteeship over Rosneft's German assets until March 2024, maintaining control amid energy tensions with Russia.
BERLIN (Reuters) -The German government has extended its trusteeship over the German assets of Russian oil producer Rosneft until March 10 next year, the economy ministry in Berlin said on Monday.
It marks the sixth time the trusteeship, which has to be renewed every six months, has been extended and comes shortly before a deadline this week.
Rosneft's German assets, including stakes in the Schwedt, MiRo and Bayernoil refineries, were put under government trusteeship in September 2022 in the wake of Russia's full-scale invasion of Ukraine, which sparked an energy crisis due to the collapse of Europe's relations with key supplier Russia.
So far, Berlin has shied away from nationalising Rosneft's activities, opting instead to maintain de facto control over them via a trusteeship that still leaves legal ownership in Russian hands.
Rosneft, Russia's biggest oil producer, has sought to sell its German businesses, including a 54.17% stake in the PCK Schwedt refinery, but talks with potential suitors, including Qatar, have proven unsuccessful so far.
(Writing by Miranda MurrayEditing by Ludwig Burger)
The German government has extended its trusteeship over Rosneft assets until March 10 next year.
This marks the sixth time the trusteeship has been extended since it was first implemented in September 2022.
Rosneft's German assets include stakes in the Schwedt, MiRo, and Bayernoil refineries.
Berlin has opted to maintain de facto control over Rosneft's activities via trusteeship while leaving legal ownership in Russian hands.
Rosneft has sought to sell its German businesses, with potential suitors including Qatar.
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