Rosneft
EU Expands Sanctions Against Key Figures in Russia's Oil Trading Network
Dec 16, 2025 05:57 am CST
The European Union has intensified efforts to curb Russia's oil revenue by imposing fresh sanctions on nine individuals and entities supporting Russia's shadow fleet of oil tankers. Key targets include traders Murtaza Lakhani and Etibar Eyyub, who have been instrumental in helping Moscow circumvent Western sanctions on crude exports that finance Russia's war in Ukraine. Despite 19 previous sanction packages, Russia continues oil exports to India and China through a shadow fleet operating outside Western maritime regulations.
India's Russian Oil Imports Plunge After US Sanctions: Impact on Global Energy Trade and Alternative Sourcing Strategies
Dec 02, 2025 10:22 pm CST
India's Russian oil imports have declined by nearly one-third following stringent US sanctions against key Kremlin-linked exporters. While November saw average imports of 1.8 million barrels per day, analysts expect December figures to drop to approximately 1 million bpd as major refiners like Reliance Industries temporarily suspend Russian purchases. The sanctions, targeting Rosneft and Lukoil, are reshaping India's crude sourcing strategy, with refiners now exploring alternative suppliers from the Middle East, West Africa, and the Americas while developing more complex trading channels to maintain access to discounted Russian barrels.
Reliance Industries Halts Russian Oil Processing at Export Refinery to Comply with EU and US Sanctions
Nov 21, 2025 01:25 pm CST
Reliance Industries Ltd has ceased processing Russian crude oil at its export-dedicated refinery in Jamnagar to comply with EU sanctions. As India's largest buyer of Russian oil, the company has announced that from December 1, all product exports from its SEZ refinery will be derived from non-Russian crude sources, completing the transition ahead of schedule to meet compliance requirements for restrictions effective January 2026.
Russian Oil Giant Lukoil to Divest International Assets Following US Sanctions Over Ukraine Conflict
Oct 28, 2025 05:54 am CST
Russian oil company Lukoil has begun the process of selling its international assets after being targeted by US sanctions related to the Ukraine war. The sanctions, imposed by President Trump, freeze Lukoil's US assets and prohibit American companies from doing business with the energy giant, which along with Rosneft accounts for 55% of Russia's oil production. Companies working with these Russian entities have one month to cut ties or face secondary sanctions.
Oil Prices Surge as Trump Imposes "Massive" Sanctions on Russian Energy Giants Amid Mixed Global Market Performance
Oct 24, 2025 01:56 am CST
Wall Street exhibits minimal movement while oil prices jump 5.6% following President Trump's announcement of major sanctions against Russian oil companies Rosneft and Lukoil, aimed at pressuring Putin to negotiate an end to the Ukraine war. Meanwhile, Tesla shares decline on disappointing earnings while global markets show mixed performance amid geopolitical and economic developments.
US Sanctions on Russian Oil Companies: Impact on Global Markets and India's Energy Security
Oct 23, 2025 05:19 pm CST
The US has imposed significant sanctions on Russia's largest oil companies, Rosneft and Lukoil, in an effort to pressure Vladimir Putin to end the Ukraine war. These measures could substantially impact global energy markets, particularly affecting major Russian oil buyers like India and China. Indian state refiners are now reviewing their Russian oil trade documentation while balancing energy security concerns against international pressure. The sanctions mark a significant escalation in economic measures against Russia's primary revenue source and may reshape global energy trade patterns.
Trump Claims India Will Reduce Russian Oil Imports While Pursuing Diplomatic Solutions with China
Oct 23, 2025 10:44 am CST
President Trump reiterates that India has committed to gradually reducing Russian oil imports by year-end, citing discussions with PM Modi, while planning to leverage upcoming talks with Chinese President Xi Jinping to broker peace between Russia and Ukraine. Meanwhile, the US has imposed new sanctions on Russian oil companies Lukoil and Rosneft, reflecting growing tensions over the ongoing conflict.