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U.S. Authorizes Lukoil Asset Sales Amid Ukraine Sanctions

11/15/2025

Summary

Story summary

The U.S. Treasury authorized negotiations for the sale of Lukoil's foreign assets until December 13 after sanctions on Lukoil and Rosneft for financing the war in Ukraine.
The licenses permit potential buyers to engage with Lukoil while funds stay in blocked accounts.
The U.S. and UK paused sanctions on Lukoil's Bulgarian operations, allowing the Burgas refinery to keep functioning.
The move aims to stabilize Bulgaria's energy supplies amid fuel shortages.

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Story summary

The U.S. Treasury authorized negotiations for the sale of Lukoil's foreign assets until December 13 after sanctions on Lukoil and Rosneft for financing the war in Ukraine.
The licenses permit potential buyers to engage with Lukoil while funds stay in blocked accounts.
The U.S. and UK paused sanctions on Lukoil's Bulgarian operations, allowing the Burgas refinery to keep functioning.
The move aims to stabilize Bulgaria's energy supplies amid fuel shortages.