German Chancellor Friedrich Merz said he expects the US to make an exception for Rosneft's German subsidiaries, Reuters reported.
The companies are Rosneft Deutschland and RN Refining & Marketing, both of which are state-owned.
The German Ministry of Economics and Energy said the US sanctions should not affect Rosneft's German business, as it is state-owned. At the same time, Reuters reports that several banks have already told the US that sanctions could hinder their transactions.
Rosneft Deutschland accounts for about 12% of Germany's oil refining capacity. The company has stakes in three major German refineries: PCK Schwedt in Schwedt, Miro in Karlsruhe, and Bayernoil in Fauburg-Danube.
On October 22, the United States imposed sanctions on Rosneft, Lukoil, and their group of companies. In total, 28 different Rosneft companies and six Lukoil companies were included in the list.
