US extends sanctions exemptions for Lukoil, says Reuters
The US administration has extended a sanctions exemption allowing retail petrol stations owned by Russian company Lukoil to operate outside Russia until the end of October.
Source: European Pravda with reference to Reuters
Details: The exemption applies to around 2,000 petrol stations in Europe, Central Asia, the Middle East and the US and will remain in force until 29 October.
Lukoil also owns around 200 petrol stations in New Jersey, Pennsylvania and New York. It is one of the leading retail fuel suppliers in Moldova and Bulgaria. The company operates about 600 stations in Türkiye and more than 300 in Romania.
The US Treasury has also issued a licence permitting certain operations involving Lukoil's oil refineries in Bulgaria, including Lukoil Neftochim Burgas, the largest refinery in the Balkans.
Background:
- In October 2025, US President Donald Trump imposed new sanctions on Russia for the first time since entering his second term, specifically targeting Russia's two largest oil companies, Rosneft and Lukoil.
- In March, Romania asked the US to allow the reopening of the Petrotel refinery, which is owned by sanctioned Lukoil.
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