US Extends Lukoil Gas Station Permit Amid Sanctions Until 2027

BREAKING NEWS: The United States has extended its permit for Lukoil gas stations to operate outside of Russia.

The permit has been extended until April 2027.

An offshore oil platform with a red and white structure and flames emanating from the gas flares.

The US Treasury Department has extended a special permit allowing the Russian Lukoil gas station chain to continue operating outside of Russia despite existing sanctions, according to the US Treasury Department’s website .

“The U.S. Treasury Department’s Office of Foreign Assets Control is issuing Russia-related General License 128D, “Authorization for Certain Transactions Involving Lukoil Retail Gasoline Stations Located Outside Russia,” and Russia-related General License 130B, “Authorization for Transactions Involving Certain Lukoil Entities in Bulgaria,” the statement said.

This is a limited waiver of sanctions imposed in 2025 on Russia’s largest oil companies. The special permit applies to approximately 2,000 gas stations in Europe, Central Asia, the Middle East, and the United States. The permit has currently been extended until April 24, 2027.

Washington imposed sanctions against Lukoil and Rosneft to limit Russia’s revenues, which it could use to finance its war against Ukraine. At the same time, a complete shutdown of Russian gas stations could disrupt fuel markets, so the US allowed these companies to continue operating within certain limits.