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OFAC Designates Rosneft and Lukoil in Significant Expansion of Sanctions Targeting Russia’s Energy Sector
On October 22, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced significant new sanctions for Russia’s energy sector, designating Rosneft Oil Company (Rosneft) and Lukoil OAO (Lukoil) under Executive Order (EO) 14024 as Specially Designated Nationals (SDNs), along with dozens of directly named subsidiaries.
These designations prohibit transactions with and services related to Rosneft, Lukoil, any entity that they or other SDNs own 50 percent or more, or any property in which such entities have an interest, directly or indirectly, for U.S. persons and where U.S. primary sanctions jurisdiction otherwise applies.



