Russia's annual oil production will increase in the medium term to 540 million tons per year, or 3.8 billion barrels per year, or 10.35 million barrels per day, Russia's Deputy Prime Minister Alexander Novak said.
The U.S. Treasury has rejected an offer from the U.S. investment bank Xtellus Partners to buy foreign assets of Russian oil major Lukoil, Reuters reported, citing sources.
Hungary and Slovakia are preparing a joint lawsuit to the EU's planned ban on imports of Russian gas and oil, citing threats to their national energy security.
EU foreign ministers will discuss new sanctions against Russia, including blacklisting 40 tankers allegedly carrying Russian oil, the European Union’s High Representative for Foreign Affairs Kaja Kallas said.
Washington has issued a license for transactions for the sale of Lukoil's foreign assets until January 17, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) reported.
The EU representatives for the first time since the start of the special military operation agreed upon a block of sanctions outside the main sanction packages, a source in the diplomatic community in Brussels said.
The TurkStream gas pipeline operator will transfer its headquarters from the Netherlands to Hungary, Hungary's Foreign Affairs and Trade Minister Peter Szijjarto said.
The U.S. government is backing Iraq's plan to transfer Lukoil PJSC's stake in the West Qurna 2 oil field to a U.S. company.
Abu Dhabi-based investment fund International Holding Company (IHC) has expressed interest in acquiring Lukoil’s foreign assets.
The United States has imposed sanctions against five Russian citizens and seven companies allegedly associated with them under the pretext of combating cybercrime, according to relevant data on the website of the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC).
U.S. President Donald Trump is willing to sign a bill tightening sanctions against Russia as long as he retains ultimate decision-making authority over any such measures, Reuters reported citing a senior White House official.
U.S. President Donald Trump has expressed the readiness to support a Congress bill imposing sanctions on countries doing business with Russia. …
The United States has decided to exempt the Karachaganak field development project, the Caspian Pipeline Consortium (CPC) and Tengizchevroil from sanctions against Rosneft and Lukoil, according to General License No. 124B released by the U.S. Department of the Treasury.
Russia's second-largest energy company Lukoil has filed for an extension to the U.S. Treasury's deadline which prohibits transactions with the Russian …
Russia and Turkey have not yet resolved all issues related to mutual settlements affected by sanctions, Russia's charge d'affaires ad interim in Turkey Alexey Ivanov said on the sidelines of the 16th Asian Conference of the Valdai …
Seven EU countries have issued a joint call to impose tariffs on more Russian products, Politico reported.
The European Union has stopped issuing multiple-entry Schengen tourist visas to Russian citizens in most cases, Politico reported, citing European officials.
Belgian depository Euroclear has begun unfreezing Russian investors’ assets without obtaining a license from the Office of Foreign Assets Control (OFAC), RBC news agency reported quoting a large broker that deals with the unfreezing of such assets.
Bulgarian officials are seeking an exemption from US sanctions targeting Russian oil company Lukoil to prevent potential fuel shortages.
U.S. President Donald Trump did not specify whether Washington will make an exception for Budapest from its anti-Russian sanctions.
