Treasury Sanctions Major Russian Oil Companies, Calls on Moscow to Immediately Agree to Ceasefire
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On October 22, 2025 Treasury designated Rosneft and Lukoil under Executive Order 14024, citing Russia's lack of serious commitment to a peace process and Putin's refusal to end the war; Putin himself was not a designee in this action.
Opening statement and designation paragraphsTreasury sanctions Rosneft and Lukoil after failed ceasefire diplomacy · Two Russian oil companies designated · reviewed 2026-09-03