US Extends Sanctions Waiver for Russian Oil Giant Lukoil
US officials announced yesterday that the sanctions waiver for the Russian oil giant Lukoil has been extended to include its gas stations outside of Russia. This move comes as part of the Trump administration’s broader efforts to curb surging crude oil prices. As reported by AFP, this decision by the US Treasury Department’s Office of […]
US Treasury Pauses Specific Sanctions on Lukoil Operations
The U.S. Treasury Department has authorized Lukoil-branded gas stations located outside of Russia to continue their daily operations, effectively suspending specific sanctions previously placed on the Russian energy giant. According to the Treasury, this decision is designed to “mitigate harm” to local consumers and suppliers who rely on these stations for ordinary transactions. While the […]
UK Delays Imposing Sanctions on Lukoil International Until February
The UK government has officially delayed the enforcement of sanctions against Lukoil International GmbH, the international unit of the Russian energy giant Lukoil PJSC. The UK’s Office of Financial Sanctions Implementation (OFSI) announced that sanctions against Lukoil International and its subsidiaries will now come into effect on February 26. They were originally scheduled to begin […]
US Fund Carlyle Eyes Assets of Sanctioned Russian Firm Lukoil
The American private equity giant Carlyle Group is evaluating the purchase of international assets belonging to the sanctioned Russian oil company Lukoil. Because Lukoil is under US sanctions due to the war in Ukraine, Carlyle plans to apply for a special license from the US government (specifically OFAC) to conduct due diligence and potentially finalize […]
Russia’s Lukoil to Sell Overseas Assets After U.S. Sanctions
According to AFP, Russian oil giant Lukoil will sell its overseas assets, the company said, after it was hit with U.S. sanctions over the war in Ukraine. U.S. President Donald Trump last week slapped Russia with his first significant sanctions package, targeting two top oil companies, Lukoil and Rosneft, after saying he was frustrated that […]
US puts two major Russian oil companies on sanctions list
A statement from the US Department of Treasury reported that this step was taken due to Russia’s lack of serious commitment to a peace process to end the war in Ukraine. The statement noted that Russia’s two major oil companies, Rosneft and Lukoil, were added to the sanctions list, and that these companies’ subsidiaries were […]
Hungary Objects to Proposed EU Sanctions on Lukoil Dubai Unit
Hungary raised objections to a European Union proposal to sanction Litasco Middle East DMCC, a Dubai-based trading unit of Russian oil giant Lukoil PJSC, according to people familiar with the matter. According to Bloomberg, EU envoys started debating this week the bloc’s plans for a new package of sanctions on Russia over its full-scale invasion […]