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Lukoil

The Russian multinational energy corporation Lukoil depot of Neder-Over-Heembeek in Brussels, Belgium

Orban’s arguments crumble in Lukoil spat with Ukraine

by Dominic Culverwell

The Hungarian government’s arguments against Ukraine’s sanctions on Russian oil company Lukoil are falling apart. Hungary accused Ukraine of “blackmail” and endangering its energy security after Ukrainian sanctions blocked Lukoil, Russia’s second-largest oil company, from transiting crude oil through the Druzhba pipeline in June. Hungary and Slovakia

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12:13 AM

US toughens sanctions on Russian energy payments.

The Trump administration toughened sanctions on Russia's oil and gas industry on March 13 by not renewing an exemption that allows Russian banks to access U.S. payment systems to conduct energy transactions.
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