The management of the PCK refinery in Schwedt, in which Rosneft holds a stake through a subsidiary, has warned German authorities that US sanctions are damaging its business and threatening fuel supplies to Berlin and the region. The information was reported by Reuters, citing a letter from the refinery's management to German Economy Minister Katerina Reiche.
„We are already facing operational restrictions“, the refinery's management stressed, calling on the government to ensure a permanent exemption from US sanctions. „The consequences of current sanctions affect security of supply in the region“, the letter says. The document describes the worsening problems at the plant, which supplies fuel to 9 out of 10 cars in Berlin, supplies the capital's airport, supplies gasoline to Brandenburg and eastern Germany, and supplies raw materials for the chemical industry.
In October 2025, the US Treasury Department granted a waiver from sanctions for Rosneft's subsidiaries in Germany. The waiver is valid until April 29. Germany is seeking an extension of the waiver for the PCK refinery in Schwedt. A working group consisting of representatives of the German government, the state of Brandenburg, and the refinery's management will meet in the coming days to discuss possible solutions.
On September 16, 2022, the German authorities transferred Rosneft's German assets (Rosneft Deutschland GmbH and RN Refining & Marketing GmbH) to the management of the German Federal Network Agency. In this way, it gained control of shares in 3 oil refineries: PCK in Schwedt, Miro in Karlsruhe and Bayernoil in Vogburg. Rosneft announced on the same day that this decision meant a complete loss of assets and that it intended to defend its interests in court. The company believes that the transfer to external management “has no legal basis“, since all obligations have been fulfilled, regardless of the political situation. In September last year, the German government extended the external management of these assets until March 10, 2026.