The U.S. Department of the Treasury has issued a license for transactions for the sale of Lukoil's foreign assets until May 30, 2026, according to a statement by the Department of the Treasury’s Office of Foreign Assets Control (OFAC).
EU Foreign Ministers agreed on the latest, 20th package of sanctions against Russia. Furthermore, EU diplomats approved €90 billion in funding for Ukraine.
Oil has resumed flowing through the Druzhba pipeline to Slovakia after a three-month shutdown, Slovak Economy Minister Denisa Sakova said.
The EU is set to finalize its latest round of anti-Russian sanctions by Thursday evening. The last package was adopted six months ago.
The U.S. administration plans to resume its sanctions against Russian oil after it is no longer necessary to lower energy prices amid the developments around Iran, U.S. Secretary of Energy Chris Wright said.
A cargo of liquefied natural gas from Russia's Portovaya plant on the Baltic Sea that is under U.S. sanctions is on its way to India, Reuters reported, citing LSEG shipping data.
Acording to the US Treasury Secretary, Russiain and Iranian oil will remain subject to sanctions, without any exceptions.
U.S. sanctions on Russian oil are back on after the U.S. administration let a waiver expire this weekend, Politico reported.
KazMunayGas (KMG) and Russia's Lukoil are now trying to solve the issue of financing the further implementation of the Kalamkas-Sea and Khazar projects in Kazakhstan's sector of the Caspian Sea, head of the Kazakh state oil company Askhat Khassenov said.
The United States confirmed during talks with representatives of allied countries its intention to continue the process of easing sanctions on Russian oil amid rising global prices, Bloomberg reported citing sources.
They had been under restrictions since the spring 2022
According to Prime Minister Robert Fico, Slovakia may oppose the EU's adoption of a new package of anti-Russian sanctions.
U.S. Treasury Secretary Scott Bessent said the maximum extra amount of oil revenue Russia could get would be $2 billion.
Russian diplomats have proposed that the US State Department reestablish visa parity and resume issuing US visas to Russians in Russia. This decision is increasingly important as the FIFA World Cup approaches, which is set to take place mainly in the USA this summer.
Indonesia has announced its readiness to purchase oil from Russia following the partial lifting of U.S. sanctions on the Russian energy resource, the country's Minister of Energy and Mineral Resources Bahlil Lahadalia said.
The foreign ministers of member-states of the European Union failed to reach any progress on the twentieth package of anti-Russian sanctions, at their meeting in Brussels, EU foreign policy chief Kaja Kallas said.
Washington may reinstate US sanctions against Russian oil once the conflict with Iran is resolved.
The flow of Russian oil into global markets following the easing of US sanctions is helping stabilize them, Kremlin Spokesman Dmitry Peskov said.
Russia sees U.S. moves to ease oil sanctions against Russia as an attempt to stabilize energy markets, Kremlin Spokesman Dmitry Peskov told a briefing.
Washington has temporarily lifted restrictions to the sale of Russian oil and petroleum products loaded onto tankers by March 12, with the sanctions relief set to last for a month.
