Lukoil will have "an obligation" to sell its local refinery Petrotel before next month's deadline, Romania's state secretary for energy, Cristian Bușoi, told Politico in the context of the sanctions set by the US against two Russian oil companies.

On October 22, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced significant new sanctions for

US sanctions have also cast uncertainty over Kazakhstan’s second offshore greenfield in the northern part of the Caspian Sea, Kalamkas–Khazar, where Lukoil has a 50% stake and operatorship, with Kazakh state company KazMunayGaz holding the remaining interest.

Kazakhstan's authorities are determining how to deal with Russian oil producer Lukoil's stakes in projects and could make a decision soon, the chairman of sovereign wealth fund Samruk Kazyna said on Tuesday.

Days after canceling a planned summit with Putin, citing a lack of progress toward ending the war in Ukraine, Trump took a major step by effectively blacklisting Rosneft and Lukoil.