Energy
Germany Nears Decision on Future of Seized Russian Oil Assets
- Two to three parties are in talks for possible investment
- Temporary trusteeship over Russian entities ends in September
This article is for subscribers only.
Germany is nearing a decision on what to do with the local units of Russian oil major Rosneft PJSC that the government seized two years ago after Moscow’s invasion of Ukraine.
The future of the assets will be determined soon, a government official familiar with the matter told reporters Monday. The state-controlled Russian energy giant agreed with Germany earlier this year to try to find a buyer for its local subsidiaries, but a deadline to do so will expire in two months.