Germany to Extend Rosneft Trusteeship as Qatar Purchase Stalls
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Germany is set to extend its trusteeship over local subsidiaries of Russia’s state oil giant Rosneft PJSC for a fifth time as a sale to Qatar’s sovereign wealth fund remains in limbo.
A spokesperson for the German economy ministry confirmed efforts to extend the trusteeship when contacted by Bloomberg. Rosneft has been trying to sell its German units — Rosneft Deutschland GmbH and RN Refining & Marketing GmbH — after Berlin seized the entities following Russia’s invasion of Ukraine.