EU Commission approves German government control of Rosneft assets

The European Commission approved Germany's indefinite control over Rosneft's local refineries on Friday. This move ends the previous six-month renewal cycle.

The European Commission has approved the acquisition of sole control of the German DEDE assets of Rosneft by the German economy ministry. Announced on February 20, 2026, the decision allows the ministry to take full administrative authority over Rosneft's German arm. This regulatory approval effectively extends the German government's trusteeship regime indefinitely until a new ownership or management structure is established, moving away from the previous practice of short-term extensions.
A board displays the logo of Russian oil producer Rosneft at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, on June 5, 2024. REUTERS/Anton Vaganov
A board displays the logo of Russian oil producer Rosneft at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, on June 5, 2024. REUTERS/Anton Vaganov
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