Overview
- The U.S. Treasury sanctioned Rosneft, Lukoil and numerous subsidiaries, freezing their U.S. assets and effectively barring transactions by American and many foreign banks.
- Counterparties were given until November 21 to wind down dealings with the blacklisted firms, and officials signaled additional steps remain on the table.
- The EU adopted its 19th package, including a full Russian LNG import ban by 2027, tighter financial and trade curbs, movement limits for Russian diplomats, and expanded listings targeting the shadow tanker fleet.
- Ukrainian forces reported a deep strike on Russia’s Bryansk chemical plant this week, with Storm Shadow missiles cited in the attack as Kyiv seeks to degrade industrial capacity.
- President Vladimir Putin denounced the sanctions and warned of a “very serious” response if U.S. Tomahawk missiles are delivered and used against Russian territory, while analysts flagged enforcement risks and noted a jump in global oil prices after the announcements.