The United States suspends some of its sanctions on a Russian oil company
Declared United States Today, Thursday, some comments Sanctions imposed on the Russian oil giant "Lukoil"to allow gas stations outside Russia to continue operating.
The US Treasury confirmed that dealing with these stations is permitted to avoid punishing their customers and suppliers, and on the condition that the proceeds are not transferred to Russia.
This exemption applies until April 29, 2026.
The American Black List
In late October, the United States added the two largest oil production companies in Russia, "Lukoil" and"Rosneft"to the blacklist of entities subject to sanctions, a record followed by many countries and companies.
Companies that deal with Russian entities face the risk of being exposed to secondary sanctions, which may prevent them from dealing with American banks, merchants, transportation and insurance companies, which form the backbone of the commodity market.
The Treasury Department’s announcement comes two days after a meeting in Moscow between Russian President Vladimir Putin and US presidential envoy Steve Witkoff, as part of efforts undertaken by Washington to reach a settlement. For war in Ukraine.
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