December 4, 06:30 AM • 44379 viewsDecember 4, 02:10 PM • 13386 viewsDecember 1, 08:53 AM • 75700 viewsEnvoys of US President Donald Trump met with Ukrainian negotiators for the third time in two weeks to discuss a peace plan, while the Trump administration eased economic pressure on Russia. The US Treasury Department partially suspended sanctions against Lukoil gas stations outside Russia until April 29.
Sanctions reportedly forced Lukoil to announce the sale of its foreign assets, and several buyers have approached US authorities for permission to negotiate with Lukoil, including oil giants Exxon Mobil and Chevron.
Thanks to sanctions, Russian oil exports have already decreased by 15-20%, and crude oil production in the Russian Federation will decrease by 5% by the end of the year. The 20th package of EU sanctions is being discussed, which includes restrictions on the financial sector and the infrastructure of the shadow fleet.
The US has issued a general license permitting certain financial transactions related to Russia's Paks II nuclear power plant project in Hungary. The authorized transactions involve Gazprombank, VTB Bank, and the Central Bank of the Russian Federation, provided they pertain to the implementation of the nuclear power plant project.
International Holding Company from the UAE, led by the brother of the UAE president, has expressed interest in acquiring assets of "Lukoil", which is under US sanctions. The US Treasury Department has allowed companies to negotiate with "Lukoil" until December 13.
Brent and WTI crude futures fell after a report of increased US inventories. The price decline is limited by sanctions against Russian oil, which raises concerns about supply disruptions.
Wright USA, an insurance company that insured FBI and CIA agents, was acquired by China's Fosun Group. This gave it access to the personal data of US secret service employees.
The US Treasury Department said that sanctions against Rosneft and Lukoil are already reducing Russia's oil revenues. The analysis showed that these measures are aimed at reducing the financing of Russia's military efforts against Ukraine.
The Iraqi government plans to appeal to the US Treasury Department for a six-month waiver of sanctions against Lukoil. This would provide more time to sell the company's stake in the West Qurna-2 oil field.
US Treasurer Brandon Beach minted the last five one-cent coins, ending 232 years of penny production. This decision was made due to rising production costs and changing consumer habits.
Bulgaria's parliament overturned the president's veto on a bill allowing the government to take control of Lukoil's oil refinery and sell it. The decision is intended to protect the asset from US sanctions, which will come into force on November 21.
Lukoil shares on the Moscow Exchange fell to 4,900 rubles, and the company's capitalization decreased by $9. 6 billion after new US sanctions. This led to the blocking of sales of foreign assets and problems with operations in international markets.
The US Treasury Department temporarily eases sanctions against Syria for 180 days. This decision coincided with Syrian President Ahmed al-Sharaa's historic visit to the White House.
Romania and Bulgaria are trying to prevent the shutdown of their critical oil refineries as US sanctions against their Russian owners take effect on November 21. Bulgaria is considering nationalizing Lukoil's refinery in Burgas, while Romania views nationalization as a "last resort" for the Petrotel refinery.
The US Treasury Department said that Swiss oil trader Gunvor would not receive a license until Putin stops the war in Ukraine.
A bipartisan group of US senators is urging Hungary to stop buying Russian energy ahead of Prime Minister Viktor Orban's meeting with US President Donald Trump. American lawmakers expressed concern that Hungary is not reducing its dependence on Russian fossil fuels.
United States President Donald Trump announced a significant reduction in Russian oil exports and expressed hope for an end to the war in Ukraine. He emphasized the significant losses and the need to find ways to end the conflict.
New court documents have revealed that the late financier and convicted sex offender Jeffrey Epstein had accounts at Goldman Sachs and HSBC banks. This information came to light after the release of materials as part of a settled case between JPMorgan Chase and the U.S. Virgin Islands authorities.
The American OFAC office has lifted some sanctions from the Belarusian airline.
Colombian President Petro's plane was delayed in Madrid after an American airline refused to refuel his Boeing 737-700 in Cabo Verde. The incident was a manifestation of the US Treasury Department's sanctions against the Colombian leader over alleged ties to drug trafficking.
The US Treasury Department has sanctioned a Cancun-based organization involved in "human smuggling," having trafficked thousands of people into the United States. The group is also accused of drug trafficking, bribery, and money laundering.
The US expects Serbia to persuade Gazprom to sell its stake in NIS or gain control of the refinery through nationalization.
The US has issued a license for operations with Rosneft's German subsidiaries until April 29, 2026. This gives Berlin six months to resolve the issue of ownership and asset management.
The tanker Furia, carrying Russian Urals oil to India, turned back in the Baltic Sea. This happened after the US tightened sanctions against Russian oil companies Rosneft and Lukoil, which may indicate disruptions in oil trade between the countries.
US President Donald Trump will tighten sanctions against Russia to force Putin to the negotiating table to end the war in Ukraine. US Ambassador to NATO Matthew Whitaker said this is just the beginning of pressure on the Russian Federation.
Ukrainian President Volodymyr Zelenskyy stated that Kyiv is ready for peace talks with Russia, ruling out any territorial concessions. He emphasized that negotiations could take place anywhere except Russia or Belarus.
The oil company Lukoil intends to sell its foreign assets after the US Treasury Department imposed sanctions. Consideration of proposals from potential buyers has already begun.
The Trump administration has informed its German counterparts that it is considering granting a non-renewable, limited general license for Rosneft Deutschland.
Hungarian Prime Minister Viktor Orban and US President Donald Trump will meet next week to discuss the impact of American sanctions against Russian oil companies. Hungary is assessing the legal and physical impact of the new restrictions imposed by the Trump administration.
The State Department's Bureau of Intelligence and Research expressed doubts about Putin's readiness for negotiations, while the CIA offered a more optimistic assessment. This divergence was reflected in the daily briefing for the US leader.
