-013457755287b3ec35a0a82dc6272853.jpg "Flames erupt after a drone strike hit the Saratov oil refinery in Saratov region, Russia, November 11, 2025. (Source: Exilenova_plus)")
#Russian Oil
624 articles
-72b63a4e0c8c475ad81fe3eed3f63729.jpeg "Photo of Cyril Barabaltchouk")
-06779709d4425f12b97576d00eafb350.jpeg "Explosion at the oil storage facility near the Likhovskaya railway station in Russia’s Rostov region, November 10, 2025. (Source: Exilenova_plus)")
![US Treasury Slams Global Oil Trader Gunvor as “The Kremlin’s Puppet” in Blocked Lukoil Deal]( "US Treasury Slams Global Oil Trader Gunvor as “The Kremlin’s Puppet” in Blocked Lukoil Deal")
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![Photo of Illia Kabachynskyi]( "Photo of Illia Kabachynskyi")
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- Business
Gunvor, one of the world’s top oil traders, has pulled out of a deal to buy Russian oil company Lukoil’s foreign assets after the US imposed sanctions. The Treasury Department made clear: it will never approve the transaction unless Russian aggression in Ukraine ends. Gunvor claims it cut ties with Russia years ago, but US regulators aren’t convinced.![Hungary’s Only Oil Refiner Says It Can Replace Most Russian Oil Ahead of Orban–Trump Talks]( "Hungary’s Only Oil Refiner Says It Can Replace Most Russian Oil Ahead of Orban–Trump Talks")
![Trump and Orbán Meet at White House to Seek Hungary Exemption from Russia Oil Sanctions]( "Trump and Orbán Meet at White House to Seek Hungary Exemption from Russia Oil Sanctions")
![General view of the ISAB plant, the Lukoil-owned oil refinery in Sicily, which is likely to be affected by the embargo on Russian seaborne oil that goes into effect in December, in Priolo, Italy October 27, 2022. (Source: Reuters)]( "After US New Sanctions, Russia’s Oil Discount Hits 12-Month Low")
![A general view of a PJSC Lukoil Oil Company gas station located on the Chaussée de Louvain on October 30, 2025, in Brussels, Belgium. (Source: Getty Images)]( "A general view of a PJSC Lukoil Oil Company gas station located on the Chaussée de Louvain on October 30, 2025, in Brussels, Belgium. (Source: Getty Images)")
![Trump Sanctions Target Over 50% of Russia’s Oil Exports, a Direct Blow to the Kremlin’s War Chest]( "Trump Sanctions Target Over 50% of Russia’s Oil Exports, a Direct Blow to the Kremlin’s War Chest")
- Author
![Photo of Illia Kabachynskyi]( "Photo of Illia Kabachynskyi")
- Category
- Business
US President Donald Trump has sanctioned Rosneft and Lukoil—Russia’s top oil giants—dealing what appears to be a major blow to their global operations. While the Kremlin downplays the move, early signs point to a very different story.
-29a1a43aba23f9bb779a1ac8b98d2121.jpeg "Photo of Illia Kabachynskyi")
-111f0e5095e02c02446ffed57bfb0ab1.jpeg "Photo of Roman Kohanets")
