Rosneft

Russia's largest oil company, majority-owned by the Russian government, producing roughly 4 million barrels per day. - Under US SDN sanctions since October 2025

The G7 set Russian oil at $60 per barrel in December 2022—a novel attempt to starve the Kremlin of war funds without triggering a global energy crisis. Since late January 2026, the UK and EU have enforced a reduced cap of $44.10 using a new automatic mechanism that adjusts every 22 weeks to stay 15% below market prices; the United States has not joined this latest reduction.

Updated Feb 16

Kremlin‑backed oil giant hit by the same US sanctions that are now dismantling Lukoil’s foreign arm. - Sanctioned alongside Lukoil; potential domestic beneficiary of any reshuffling

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 Dec 11, 2025