U.S. Extends Sanctions Waiver for Lukoil Fuel Stations Abroad

• •The U.S. has extended a sanctions waiver for Lukoil stations until October 29, 2026.
• •Around 2,000 Lukoil-branded fuel stations are affected across multiple regions.
• •The waiver allows continued operations despite sanctions aimed at curbing Russian energy revenues.

The U.S. government has extended a sanctions waiver for Lukoil-branded fuel stations operating outside Russia, allowing approximately 2,000 locations across Europe, Central Asia, the Middle East, and the Americas to continue operations until October 29, 2026. This waiver is part of a broader sanctions regime imposed last year targeting Lukoil and Rosneft, aimed at limiting revenue that supports Russia's war in Ukraine. The extension reflects the U.S. effort to balance sanctions enforcement with the need for fuel supply infrastructure in regions where Lukoil has a significant presence. In the U.S., Lukoil operates around 200 service stations, while internationally, it is a major fuel retailer in Moldova, Bulgaria, Turkey, and Romania. Additionally, the U.S. Treasury has issued a license for certain operations involving Lukoil's oil refineries in Bulgaria, including the largest refinery in the Balkans.