Finance
US okays transactions with Lukoil gas stations outside Russia through late April
Published by Global Banking & Finance Review®
Posted on December 4, 2025
2 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 4, 2025
2 min readLast updated: January 20, 2026
The US Treasury allows transactions with Lukoil gas stations outside Russia until April 2026, easing sanctions imposed in October.
WASHINGTON, Dec 4 (Reuters) - The Trump administration on Thursday allowed transactions with Lukoil gas stations outside of Russia with a narrow waiver to sanctions the U.S. imposed in October for the role the company's revenues play in supporting Moscow's war in Ukraine.
The transactions for about 2,000 stations throughout Europe, Central Asia, the Middle East and the Americas, were authorized through April 29, 2026, a posting on the Treasury Department site said.
President Donald Trump imposed sanctions on Lukoil and Rosneft, Russia's two biggest oil companies, in October, which unleashed a raft of interested buyers for its international assets estimated to be worth about $22 billion.
They were the first direct U.S. sanctions on Russian entities in Trump's second term.
Last month, The Treasury Department cleared companies to talk to Lukoil through December 13 about buying the foreign assets, but they will need approval for specific deals.
Lukoil has about 200 branded gas stations in New Jersey, Pennsylvania and New York. Lukoil is one of the top retail players in Moldova and Bulgaria and operates around 600 stations in Turkey and over 300 in Romania.
(Reporting by Timothy Gardner, Bhargav Acharya, Katharine Jackson;Editing by Bernadette Baum)
Lukoil is one of Russia's largest oil companies, involved in the extraction, production, and sale of oil and gas products, with operations extending internationally.
A waiver is a legal document or agreement that relinquishes a right or claim, often allowing certain exceptions to rules or regulations, such as sanctions.
A gas station is a facility that sells fuel and lubricants for motor vehicles, often including convenience stores and services like car washes.
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