The US Treasury Department on Thursday extended authorization for Lukoil-branded gas stations outside Russia to continue operating, suspending some sanctions on the Russian energy giant.
The move effectively allows Lukoil-branded gas stations in countries like the United States to continue serving customers while still preventing money from flowing back to Russia, which has been under sweeping US and EU sanctions since its invasion of Ukraine in February 2022.
The decision partially suspends the measures decided in October by US President Donald Trump. It has been announced the same week White House negotiators met with Russian President Vladimir Putin in Moscow to push a US deal to end the conflict.
