Germany races to secure US sanctions exemption for Rosneft refineries
Berlin says Washington should not target subsidiaries of Russian oil company located in Germany
Berlin says Washington should not target subsidiaries of Russian oil company located in Germany

Move spares Berlin from risk of major fuel supply disruptions

German government weighs Rosneft expropriation plan to head off fuel disruptions in Berlin

Decision risks upending the industry by disrupting exports and forcing both companies to adapt

US sanctions on Russia’s biggest oil companies have added to fears of shortages from refinery shutdowns

Measures mark Donald Trump’s first effort to punish energy companies that ‘fund the Kremlin’s war machine’

Western sanctions will not be effective until the loophole for facilities in India, Turkey and China is closed