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yesterday

U.S. Hits Rosneft and Lukoil as EU Advances LNG Ban, Oil Prices Climb

The coordinated pivot to energy sanctions seeks to choke Moscow’s war funding, prompting buyers to reassess Russian supplies.

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The sanctions by the United States against Russia come amid repeated claims by Trump that Prime Minister Narendra Modi has assured him that India will “not buy much oil” from Russia.
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Overview

  • The U.S. Treasury sanctioned Rosneft and Lukoil, freezing U.S.-linked assets and barring American firms from dealings, with transactions to wind down by November 21.
  • The European Union adopted its 19th package that brings forward a ban on Russian LNG imports to early 2027 and blacklists more than 100 shadow‑fleet tankers, alongside limits on suspect diplomatic travel.
  • Global oil rose more than 3% as Indian refiners signaled plans to curb Russian purchases to stay compliant with U.S. measures.
  • President Donald Trump canceled a planned Budapest summit with Vladimir Putin, and the White House said there are no immediate plans for the leaders to meet.
  • Russia carried out new drone and missile barrages that killed civilians and damaged energy facilities across Ukraine, prompting Kyiv to seek urgent air‑defense and power‑grid support from partners.