US Extends Sanctions Waiver for Russia's Lukoil Until 2027

Key Facts

The United States has extended a sanctions waiver for Russian oil company Lukoil until 2027. The National reported that the US Treasury Department announced the decision, which allows the company's service operations outside of Russia to continue until April 2027. Under the new general license, Lukoil petrol stations will be able to serve customers until April 25, 2027, and certain transactions for Lukoil Bulgaria's firms are also authorized for the same period.

The extension aims to maintain global energy stability and protect regional infrastructure that relies on the Russian energy giant's operations. This policy move occurs amid broader economic context where Russian annual inflation was reported at 6.3% as of October 9, 2026. The waiver maintains strict prohibitions on the transfer of funds to any person or account within the Russian Federation and excludes transactions involving Russia's central bank or national wealth fund.