US Treasury Issues Indefinite Sanctions Waiver for Rosneft Deutschland
In a significant diplomatic win for Berlin, the US Treasury has reportedly decided to grant an indefinite sanctions exemption to the German subsidiary of the Russian oil giant, Rosneft. Rosneft Deutschland manages critical energy infrastructure, including shares in three refineries that account for 12% of Germany’s total processing capacity (most notably the PCK Schwedt plant). […]
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 […]
UK targets Russian oil market in fresh sanctions
Britain is targeting Russia’s largest oil companies and the country’s “shadow fleet” of oil tankers in a bid to cut off Vladimir Putin’s ability to fund the war in Ukraine. The UK government is also pursuing a major Indian oil refinery and four Chinese oil terminals in a package of 90 new sanctions. The Russian […]