United States Imposes Sanctions on Russian Energy Companies
By: Steven Hill, Jeff Orenstein, and Brian Hopkins
On 22 October 2025 the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two of Russia’s largest energy companies, Rosneft and Lukoil, as well as numerous of their subsidiaries, on the Specially Designated Nationals and Blocked Persons List (SDN List). Intended to increase pressure on Russia’s energy sector and degrade a source of revenue for the war in Ukraine, this action will have broad implications for international energy markets.
Read More