Gas stations operating under the Lukoil brand in several countries, including the United States, will be able to serve customers until April 24, 2027. On October 15, the U.S. Treasury Department extended a targeted sanctions exemption for the Russian company.
The U.S. Treasury Department’s Office of Foreign Assets Control reported this. The new license replaces the previous authorization, which was set to expire at the end of October.
The license applies to Lukoil-branded gas stations outside Russia, including in the United States. At the same time, it maintains the ban on transferring funds to any person or any account in Russia.
The document also does not authorize transactions involving the Central Bank of Russia, the National Wealth Fund, or Russia’s Ministry of Finance.
Authorization for companies in Bulgaria
Under a separate license, the U.S. Treasury Department authorized certain transactions with Lukoil companies in Bulgaria for the same period — until April 24, 2027.
The general license allows certain activities to continue at the oil refinery in Burgas, within the gas station network, and at companies supplying aviation and marine fuel.
These authorizations do not lift sanctions against Lukoil. They do not apply to transactions involving other sanctioned individuals and entities or to activities prohibited under U.S. sanctions law.
Sanctions and international assets
The United States imposed sanctions on Lukoil and Rosneft in October 2025, seeking to increase pressure on Russia to end the war in Ukraine.
Later, Lukoil, Russia’s second-largest oil producer, announced plans to sell its international assets. Since then, U.S. authorities have repeatedly extended authorizations for certain company activities while the search for a buyer continues.
A week earlier, U.S. President Donald Trump announced an agreement with Russia on supplying diesel fuel to the U.S. and global markets. Following this, the U.S. Treasury Department issued a temporary license intended to facilitate such deliveries.
