Germany Places Rosneft Units Under Trusteeship to Secure Oil Assets

 

On March 1, 2026, Germany’s Economy Ministry announced that the German subsidiaries of Rosneft have been placed under trusteeship.

• This includes Rosneft’s stake in the PCK Schwedt refinery, which supplies most of Berlin’s fuel.

• Trusteeship was first imposed in 2022 after Russia’s invasion of Ukraine and had to be renewed every six months, creating uncertainty.

• The latest move establishes a permanent trusteeship, aimed at ensuring energy security.

• Berlin stressed the measure is essential to reduce dependence on Russia and stabilize fuel supplies.

Sources – Agencies