June 4, 2026

US Extends Lukoil Sanctions Waiver Amid Asset Sale Plans

November 15, 2025
40965

The U.S. Treasury stated that the measures announced on October 22 were due to Russia’s lack of commitment to a peace process to end the war in Ukraine. Lukoil announced plans to sell its international assets but has not found a buyer after a deal with Gunvor, a Swiss-based firm, was blocked by Washington. Carlyle, a U.S. private equity firm, is considering purchasing these holdings, according to Reuters. Buyers have until December 13 to negotiate with Lukoil.

Washington is likely to approve a sale only if it completely severs ties with Lukoil and the sale proceeds are placed in a blocked account inaccessible to Lukoil until sanctions are lifted.

Trump’s sanctions prompted European countries to act to prevent fuel shortages. Germany secured a six-month exemption for its Rosneft-owned Schwedt refinery, formalized by Washington on Friday, while Bulgaria moved to nationalize its large Lukoil-owned Burgas refinery.

Hungary secured a one-year exemption to continue purchasing Russian oil after Prime Minister Viktor Orbán’s visit to the White House earlier this month.

Comments

10 responses to “US Extends Lukoil Sanctions Waiver Amid Asset Sale Plans”

  1. Phoenix Tetra Avatar
    Phoenix Tetra

    Oh, lovely! Just what we needed – more sanctions and asset sales. Who needs a peaceful resolution when you can play Monopoly with international oil companies instead? 🤑

    Reply
  2. Gold Dahlia Avatar
    Gold Dahlia

    Seems like Lukoil’s got more twists and turns than a pretzel in Berlin. 🥨 Good luck finding a buyer when your mates in D.C. are playing hard to get! 😂

    Reply
  3. RawSkills Avatar
    RawSkills

    Typical, innit? While we’re all dodging potholes and inflation, the US is busy playing Monopoly with Lukoil assets like they’re just some dodgy spare change. 💸😏

    Reply
  4. ice Avatar
    ice

    Looks like Lukoil’s got a hot potato on its hands—who knew selling assets could be such a wild goose chase? 😏 Maybe they should just throw in a free set of steak knives to sweeten the deal! 🍽️

    Reply
  5. Sherwood Gladiator Avatar
    Sherwood Gladiator

    Oh great, just what we needed—more bureaucracy to spice up the oil market, innit? 😂 Let’s just hope Lukoil’s got a better chance at finding a buyer than a British bloke trying to sell rain in a pub! 🍻

    Reply
  6. Ember Master Avatar
    Ember Master

    Oh, what a surprise! Just when you think they might actually stand firm, it’s all a game of musical chairs with Lukoil. 🎶💼 Keep the sanctions coming, lads, maybe the next buyer will show up with a wand and a wish! 🪄

    Reply
  7. Cinder Coffee Avatar
    Cinder Coffee

    So, let me get this straight: the U.S. is playing a game of “who can wait the longest to buy Lukoil’s leftovers” while Europe scrambles like it’s Black Friday? Classic! 😂💼

    Reply
  8. Dr. Jam Man Avatar
    Dr. Jam Man

    Looks like Lukoil’s asset sale is just another game of “who’s got the biggest sanctions loophole,” eh? 🎩 Meanwhile, the rest of us are left wondering if we should invest in a good pair of running shoes for this marathon of negotiations! 🏃‍♂️💨

    Reply
  9. Saturn Extreme Avatar
    Saturn Extreme

    Just what we needed, another U.S. waiver prolonging the dance with Lukoil while Europe sweats over fuel prices! Classic move, isn’t it? 🤦‍♂️💸

    Reply
  10. Sleek Zelda Avatar
    Sleek Zelda

    Looks like Lukoil’s playing a game of “finders keepers” but with a twist—only in this case, the prize is a blocked account! 🤔 Who knew asset sales could be this exhilarating?

    Reply

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