Rosneft sanctions. The ecosystem of intermediaries...
Rosneft sanctions. The ecosystem of intermediaries, often managed, according to the Financial Times, by prominent figures with ties to Azerbaijan (such as Tahir Garayev or Etibar Eyyub, very close to Rosneft CEO Igor Sechin), would retain a percentage of the profits to cover regulatory risks. persons should reconsider business relationships with the two oil giants, non-U. What is the significance of OFAC’s designations of Rosneft Trading S. On October 22, 2025, the U. His EU listing accused him of enabling “shipments and exports of Russian oil, notably from…Rosneft, by concealing the actual origin of the oil. A Financial Times investigation has uncovered a sprawling network of nearly fifty companies, linked to Russia’s state-controlled Rosneft, that moved at least $90 billion worth of crude oil to Kpler, the data and analytics platform, has listed a marked decline in exports by Lukoil and Rosneft since their sanctions-listing in October — with a previously unknown company taking their place. The EU’s ban, in combination with OFAC sanctions on Rosneft and Lukoil, saw Indian refineries that export to the EU completely cut off their Russian feedstock. Department of State and the Office of Foreign Assets Control (OFAC). 22, 2025, the U. In recent months, the US has been increasing pressure on the Russian oil sector. The discovery comes after new U. sanctions on Iran, based on publications from the U. sanctions came into effect in February and March, Rosneft helped Venezuela circumvent sanctions by lifting Venezuelan crude to other markets. OFAC designated Rosneft and Lukoil—along with certain specified subsidiaries—under E. A subsidiary of the Rosneft Russian oil company is to cease operations in Venezuela within the next three months. What happened? On 22 October American officials formally imposed sanctions on Russia ‘s two biggest oil providers Lukoil and Rosneft. “The sanctions on Rosneft and Lukoil are by far the strongest steps taken yet against Russian oil. Officials at the Treasury Department worry that sanctions on Rosneft may drive up prices for oil. sanctions impacting Rosneft's operations. Nov 24, 2025 · In October 2025, the US, UK, and EU implemented coordinated sanctions against Russia’s two largest oil companies: Public Joint Stock Company “Rosneft Oil Company” (Rosneft) and Public Joint-Stock Company “Oil Company Lukoil” (Lukoil), significantly tightening restrictions on Russia’s energy sector. The Treasury is also imposing sanctions on over 30 subsidiaries of Rosneft and Lukoil, all of which are majority owned by the Russian oil giants, which Bessent says are “funding the Kremlin’s The European Commission approved a new trusteeship structure allowing Berlin long-term control over German assets of Russian oil group Rosneft. The EU’s 19th Russia sanctions package against Russia expands restrictions and puts into law ownership/control conditions. Five refineries in India, Turkiye, and Brunei that use Russian crude exported EUR 781 mn of oil products to sanctioning countries in January 2026. ” Article content Summary On 15 October 2025, the UK imposed asset freeze measures against several entities under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK Russia Sanctions) – these measures included but were not limited to asset freezes against entities such as PJSC Rosneft Oil Company (Rosneft) and PJSC Oil Company Lukoil (Lukoil). imported $192 million in oil products from a refinery owned in part by a Russian company that is sanctioned by Washington. Oil and gas market expert Sergei Vakulenko of the Carnegie Russia Eurasia Center believes that even in the worst Zelenskyy praised US President Donald Trump for what he called decisive action in imposing sanctions on Lukoil and Rosneft, adding that restrictions should extend to the entirety of Russia’s energy sector, particularly nuclear energy. Germany is negotiating with U. The Trump administration announced sanctions on Russia’s biggest oil producers, rolling out its first major package of financial punishments on President Vladimir Putin’s economy as part of a The British government on Wednesday imposed sanctions against Russia’s two largest oil producers, Rosneft and Lukoil, four Chinese oil terminals and more than 40 “shadow fleet” tankers Sanctioned energy companies The European Union banned debt financing for 3 Russiancompanies - Rosneft, Transneft and Gazprom Neft. The EU sanctions list states that Coral controls a “significant share” of vessels in Russia’s so-called shadow fleet. sanctions on Rosneft as part of Washington's effort to squeeze Russia's energy sector, with Berlin last year securing an exemption for PCK Schwedt that expires on April 29. Treasury said on Monday that U. The sanctions against Rosneft could cause "chaos in global oil markets", Bloomberg writes. The sanctions increase the risks and potential costs faced by buyers, which increases the buyer’s discount. Sanctioned Azeri businessmen were linked to trading and It does, however, not address the issue of U. Three new companies have emerged to export Russian oil after a sanctions crackdown on the country’s biggest producers, according to the International Energy Agency. sanctions affecting business operations and fuel supply. The Office of Foreign Assets Control (“OFAC”) designated Open Joint Stock Company Rosneft Oil Company (“Rosneft”) and Public Joint-Stock Company Oil Company Lukoil (“Lukoil”) on October 22, 2025, in response to the ongoing war in Ukraine. Redwood Global Supply became top exporter after Rosneft sanctions. The U. Lukoil & Rosneft Sanctions: A Year On, Russia’s Energy Lifeline Frays – But Doesn’t Break WASHINGTON – A year after the U. Sanctions targeting Rosneft and Lukoil led to a temporary pause in purchases by key buyers, resulting in increased amounts of Russian crude being stored on tankers at sea. authorities to extend a license for Rosneft's German subsidiary, which operates the PCK refinery. The Oct 24, 2025 · Russia’s two biggest oil producers are at risk of a significant financial hit from the US sanctions imposed on the country’s energy sector, with the move set to disrupt exports, increase costs Network companies handled more than $90 billion in Russian oil exports. The economic sanctions relating to the Russian invasion of Ukraine are being implemented primarily through two programs: the Ukraine-/Russia-related Sanctions program and the Russian Harmful Foreign Activities Sanctions program. The US government has imposed further sanctions on the Venezuelan oil industry aimed at preventing economic cooperation with the Geneva-based Rosneft Trading SA. 817. Pursuant to OFAC’s 50% Rule, any additional entities owned 50% or more, directly or indirectly, individually or in the aggregate, by Rosneft, Lukoil and/or any of their designated subsidiaries are also Britain targeted Russia's two largest oil companies, Lukoil and Rosneft, and 44 shadow fleet tankers on Wednesday in what it described as a new bid to tighten energy sanctions and choke off The U. The EU has introduced a ban for trading those companies’ 30-day yield bonds and participating in issuing stock of the kind. The Commission welcomes the Council's adoption of the 19th Russia sanctions package, substantially increases the pressure on the Russian war economy, targeting key sectors such as energy, finance, the military industrial base, special economic zones, as well as enablers and profiteers of its war. Rosneft can be affected by power sanctions, based on which items and applied sciences that can be utilized for exploration or manufacturing of oil in deep-sea or Arctic zones, in addition to shale oil, can’t be equipped to Russia. German officials, local authorities, and refinery management are seeking a resolution as pressure from Washington intensifies. The decision addresses regulatory concerns but doesn't tackle U. Before U. The EU adopted Dec. and TNK Trading International S. After imposing sanctions on Rosneft and Lukoil last autumn, the Trump administration has been pressuring India with the ostensible goal of depriving Russia of one of the key remaining buyers of its oil. However, this does not resolve the issue of US sanctions against Rosneft as part of Washington's efforts to limit Russia's energy sector, with Berlin having received an exemption for PCK Schwedt last year, which expires on April 29. U. This situation created an incentive to find alternative routes to market, potentially fueling the growth of the identified smuggling network. Based on the FT’s analysis of shipping routes, companies associated with the domain network frequently used vessels linked to Rosneft. MM), made an "urgent appeal" to economy and energy minister Katherina Reiche to resolve a standoff with Oct 24, 2025 · In contrast to the United States and United Kingdom, the EU authorities determined not to impose asset-freezing sanctions on Lukoil’s global business, or on Rosneft (although Rosneft has been subject to more targeted EU sanctions, discussed below, since April 2022). This comes amidst U. A. The United States on Wednesday hit Russia's two biggest oil producers -- Rosneft and Lukoil -- with sanctions, the first against Russia since US President Donald Trump returned to office. Limited Liability Company Tyumen Petroleum Research Center (TPRC) is Rosneft’s corporate research and design institute. The Rosneft–Lukoil sanctions should in theory affect both components, and the data indeed show a significant rise in each. It introduces a total ban on Russian LNG as of 1 January 2027 and a further clamp-down on the shadow fleet. In announcing the designations under Executive Order (“EO”) 14024, Secretary of the Treasury Scott Bessent stated that the actions From the end of November, US sanctions were brought in to target any companies or refineries that purchased oil from Rosneft and Lukoil, Russia’s two largest oil exporters and the biggest The United States’ first sanctions on Russia since Donald Trump’s return to the White House have targeted the country’s two largest oil producers in a move that could ripple through global But in October, amid US-Russia talks on ending the war in Ukraine, Washington imposed sanctions on Rosneft and its assets in Europe, bringing the refinery to the brink of bankruptcy. The initial aim – to cripple Moscow’s ability US sanctions announced on 22 October 2025 designated Rosneft and Lukoil under Executive Order 14024, alongside a list of subsidiaries, with the Treasury Department stating the action was aimed at entities operating in Russia’s energy sector. TPRC, which is involved in technology development, performs field engineering and support for geological survey processes and is involved in the development of oil and gas fields in Russia and elsewhere for Rosneft subsidiaries. Sanctions that affect the tanker market, such as sanctioning the shadow fleet, increase the transport premium. Total sanctions means total. Feb 10, 2026 · In a January letter, management of the PCK Schwedt refinery, controlled by Rosneft (ROSN. The tactics employed by this network echo practices seen in the 1990s, according to Sergey Vakulenko, a fellow at the Berlin-based Carnegie Russia Eurasia Center. Treasury Department on Wednesday levied sanctions on Rosneft and Lukoil, citing Moscow's "lack of serious commitment" to ending the war in Ukraine. The sanctions come into force from the moment of their publication. O. Strong measures also target financial services and infrastructure (including crypto), trade and the services sector. The reason we know that is [by seeing] how quickly the market reacted,” Fishman said. The sanctions were in direct response to Putin ‘s unwillingness to come to the negotiation table to end his invasion/war in and of Ukraine. This includes refineries crucial for Berlin's fuel supply. S. The sanctions, although suspended, have shaken confidence in Rosneft's German arm among banks, insurers and its main supplier, Kazakhstan, said the first source. Additionally, OFAC is designating a number of Russia-based Rosneft and Lukoil subsidiaries, a list of which is available in Annex 1 below. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with One week after the UK imposed sanctions on Russian oil giants Rosneft and Lukoil, the US government did so as well, with Washington urging other countries to join in. ? Do the E. President Trump took strong steps sanctioning Lukoil and Rosneft. Rosneft, a state-controlled oil company, is a significant player in Russia’s energy sector and has been subject to international sanctions. government imposed property-blocking sanctions on Russia’s two largest oil companies, Open Joint Stock Company Rosneft Oil Company (“Rosneft”) and Lukoil OAO (“Lukoil”), by designating these entities, as well as 34 Russia-based Rosneft and Lukoil subsidiaries, to the List of Specially Designated Nationals In October 2025, the US, UK, and EU implemented coordinated sanctions against Russia’s two largest oil companies: Public Joint Stock Company “Rosneft Oil Company” (Rosneft) and Public Joint-Stock Company “Oil Company Lukoil” (Lukoil), significantly tightening restrictions on Russia’s energy sector. Counter Terrorism and Counter Narcotics Designations; Sudan-related Designations and Designation Update; Russia-related Designation Update; Issuance of Counter Terrorism General License February 19, 2026 - Sanctions List Updates EU countries have adopted the 19th sanctions package against Russia. apply to their corporate parent and their affiliates? This circular provides an overview of the latest U. 14024 for operating or having operated in the energy sector of the Russian Federation economy. Treasury Department sanctioned Russian oil giants Rosneft and Lukoil in October 2025, the impact is less a knockout blow and more a sustained, debilitating pressure. Department of the Treasury's Office of Foreign Assets Control sanctioned Rosneft Oil Co. entities should assess their activities and export control restrictions now apply. 16 its latest sanctions package against Russia, blacklisting more tankers and a shipping unit of Russian state-owned oil giant Rosneft as part of attempts to clamp down on widespread evasion of the G7's so-called "price cap" on Moscow's oil exports. Oct 23, 2025 · US President Donald Trump has announced what he called "tremendous" new sanctions against two of Russia's largest oil companies, in a bid to pressure Moscow into ending its war on Ukraine. . Jan 7, 2026 · On Oct. Sanctions For the past three years, Rosneft collected its pending debt with PDVSA by handling between 70 and 80 percent of Venezuela’s oil exports. sanctions against Russian oil majors Rosneft and Lukoil are already reducing Russian oil revenues and are likely to reduce the quantity of Russian oil The U. The European Commission on Friday approved a new trusteeship structure that establishes Berlin's long-term control over the German assets of Russian oil group Rosneft , part of efforts to find a Eyyub was sanctions-listed by the UK last year for “owning or controlling directly or indirectly or working as a director” at Coral and Nord Axis. S Treasury announced sanctions against Lukoil and Rosneft last year after Trump became frustrated with Putin’s unwillingness to support a ceasefire deal in Ukraine. The US followed with sanctions against Rosneft and Lukoil on The sanctions don't stop Russian oil, but rather act as a hidden tariff . Oct 22, 2025 · Rosneft and Lukoil are being designated pursuant to E. 13850 blocking sanctions on Rosneft Trading S. and Lukoil OAO, two of Russia's largest oil companies. has escalated pressure on Russia by sanctioning Lukoil and Rosneft. Each of Lukoil and Rosneft were already subject to Directive-based sectoral sanctions under Executive Order 13662, but those sectoral sanctions were more limited in nature. Rosneft Had Been PDVSA’s Lifeline amid U. The European Union has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that handle Russian oil, the first time the bloc would target ports in third At the end of November, new US sanctions targeted Rosneft and Lukoil, Russia’s two largest oil companies that supply most of the crude exported to India. yzp2j, s5m5nu, z1jq, ilddsm, lmjduc, 8yre8c, inv7ni, bf5q7j, pq4i, cncvy,