US sanctions threaten major blow to Russian oil groups Rosneft and Lukoil
Decision risks upending the industry by disrupting exports and forcing both companies to adapt
Decision risks upending the industry by disrupting exports and forcing both companies to adapt

Measures mark Donald Trump’s first effort to punish energy companies that ‘fund the Kremlin’s war machine’

Western sanctions will not be effective until the loophole for facilities in India, Turkey and China is closed

Moscow’s energy revenues fell by a fifth in 2025 compared with previous year

Washington also takes steps to reduce disruption stemming from sanctions it has imposed on Russian oil producer

Russia’s second-largest oil producer makes move after the US imposed sanctions on the company

Washington’s move to prevent oil trader Gunvor from buying Russian group’s assets revives prospect of Rosneft power grab