U.S. Treasury sanctions Russian oil companies
Sanctions target Russia’s two largest oil companies
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on October 22, 2025, imposed further sanctions targeting Russia's energy sector “as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine.”
According to the Treasury release, the sanctions target Russia’s two largest oil companies, designating them pursuant to Executive Order 14024 for operating or having operated in the energy sector of the Russian economy.
The sanctions block all property and interests in property of the designated entities within the United States or under the control of U.S. persons. Additionally, entities owned 50% or more by the two oil companies are also blocked. The sanctions prohibit U.S. persons from engaging in transactions involving these entities unless authorized by OFAC.
Read the related OFAC release with details on the Russia-related designations and General Licenses.