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Expert Analysis

US Sanctions Targeting Russia's Oil Giants Heighten Biz Risks

By Anthony Rapa and Ekinsu Elkei ( January 6, 2026, 6:08 PM EST) -- On Oct. 22, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control sanctioned Rosneft Oil Co. and Lukoil OAO, two of Russia's largest oil companies. The designations were made pursuant to Executive Order No. 14024 authorizing blocking property of persons operating in specified sectors of the Russian Federation economy — including the energy sector.[1]...

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