UK delays imposition of sanctions on Russian oil company Lukoil until February
Penalties targeting Russia’s energy sector aim to attack Moscow’s power amid Ukraine invasion
Nikolay DOYCHINOV/AFP Lukoil and Rosneft were also sanctioned by the US in October
The Office for the Implementation of Financial Sanctions reported on Thursday (27) that it will allow the continuation of commercial operations by the Russian oil company Lukoil and its subsidiaries until February 26, 2026. The sanctions were scheduled to come into force on Friday (28).
Lukoil and Rosneft were also sanctioned by the US in October, and some of these measures have also been postponed.
Penalties targeting Moscow’s energy sector aim to attack Moscow’s power amid its invasion.
