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ARTICLE · 30 JANUARY 2026

US, UK, And EU Launch Coordinated Sanctions On Russia's Oil Giants

McDermott Will & Schulte
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In October 2025, the US, UK, and EU implemented coordinated sanctions against Russia's two largest oil companies: Public Joint Stock Company...

GlobalInternational Law
Betty Santangelo
Betty Santangelo
Darshak S. Dholakia
Darshak S. Dholakia
Raminta Dereskeviciute
Raminta Dereskeviciute
Carolyn B. Gleason
Carolyn B. Gleason
Melissa G.R. Goldstein
Melissa G.R. Goldstein
Kyle B. Hendrix
Kyle B. Hendrix
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In October 2025, the US, UK, and EU implemented coordinated sanctions against Russia's two largest oil companies: Public Joint Stock Company "Rosneft Oil Company" (Rosneft) and Public Joint-Stock Company "Oil Company Lukoil" (Lukoil), significantly tightening restrictions on Russia's energy sector.

These measures directed at Rosneft and Lukoil are in addition to existing and expanded sanctions on Russia, which include bans on Russian liquefied natural gas, tightened restrictions on maritime services and insurance for the shadow fleet, broadened export controls on military-grade components and industrial goods, imposed new financial measures targeting Russian banks, and designated dozens of individuals, entities, and vessels linked to sanctions evasion and Russia's military-industrial complex.

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