The U.S. government has provided written assurances that the German business of Russia's Rosneft would be exempt from new energy sanctions because the assets are no longer under Russian control, Germany's economy minister said.

(Reuters) -Washington has floated a six-month deadline for Berlin to sort out the ownership limbo affecting the German assets of Russian oil major Rosneft, allowing Rosneft to be temporarily exempted from U.S. sanctions, Bloomberg News reported on Monday, citing people familiar with the matter.

The U.S. government has provided written guarantees that Rosneft's assets in Germany will not fall under American sanctions against Russia, as they are not under Russian control. — Ukrinform.

Germany is seeking an exemption from U.S. sanctions on Russian oil company Rosneft's German business, a person with direct knowledge of the government discussions said on Thursday, after banks said sanctions could stop them dealing with the local energy supplier.

Rosneft PJSC’s German unit may be cut off from key customers since it wasn’t excluded from the latest US sanctions against Russia, people with knowledge of the matter said.

Days after canceling a planned summit with Putin, citing a lack of progress toward ending the war in Ukraine, Trump took a major step by effectively blacklisting Rosneft and Lukoil.

Germany's economy minister told Reuters on Tuesday that the U.S. government had provided written assurance that the German business of Russia's Rosneft would be exempt from new energy sanctions because the assets are no longer under Russian control.

Washington has floated a six-month deadline for Berlin to sort out the ownership limbo affecting the German assets of Russian oil major Rosneft PJSC, allowing them to be temporarily exempted from US sanctions,