Lukoil

Rule Changes

Under US SDN sanctions since October 2025

Since late 2022, the Group of Seven and allies have capped Russia's seaborne crude price using dominance in shipping and insurance. In February 2026, the EU and UK reduced the cap to $44.10 per barrel while the US kept its own $60 ceiling.

Updated May 26

Money Moves

Selling virtually all international assets under US and UK sanctions pressure

First the US froze Lukoil's assets. Now it's effectively forcing Russia's biggest private oil company to auction off its global business. A fresh Treasury waiver gives buyers until January 17, 2026 to lock in deals for oilfields, refineries and thousands of gas stations worth about $22 billion.

Updated May 10