WASHINGTON, Dec 4 (Reuters) – The Trump administration on Thursday authorized transactions with Lukoil retail gas stations outside of Russia, issuing a narrow waiver to sanctions the U.S. imposed in October for the role the company’s revenues play in supporting Moscow’s war in Ukraine. The transactions are authorized through April 29, 2026, a posting on […]
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US allows transactions with Lukoil gas stations outside Russia through late April
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WASHINGTON, Dec 4 (Reuters) – The Trump administration on Thursday authorized transactions with Lukoil retail gas stations outside of Russia, issuing a narrow waiver to sanctions the U.S. imposed in October for the role the company’s revenues play in supporting Moscow’s war in Ukraine.
The transactions are authorized through April 29, 2026, a posting on the Treasury Department site said.
Lukoil has about 200 branded gas stations in New Jersey, Pennsylvania and New York. Lukoil-owned Finnish petrol station operator Teboil, which owns about 430 stations, said last month it will shut down its operations gradually as fuel runs out. It previously said it expected Lukoil to divest the chain.
Lukoil is one of the top retail players in Moldova and Bulgaria and operates around 600 stations in Turkey and over 300 in Romania.
(Reporting by Timothy Gardner, Bhargav Acharya, Katharine Jackson)