{
  "id": 14788743,
  "title": "US extends sanctions waiver on Russia's Lukoil until 2027",
  "url": "https://urgent.news/2026/10/15/us-extends-sanctions-waiver-on-russias-lukoil-until-2027",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T20:42:02.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/news/us/2026/10/15/us-extends-sanctions-waiver-on-russias-lukoil-until-2027/"
  },
  "original_language": "en",
  "account": "On Thursday, the US extended a sanctions waiver on Russian oil company Lukoil, permitting its service operations outside Russia to continue until April 2027, according to a Treasury Department announcement. The new general licence permits Lukoil petrol stations, including those in the US, to serve customers until April 25, 2027. This waiver supersedes a previous licence set to expire this month, which prohibits the \"transfer of funds to any person or account located in the Russian Federation\" and excludes transactions involving Russia's central bank, national wealth fund, and Ministry of Finance. The decision also authorizes certain transactions for Lukoil Bulgaria's firms for the same period. This move follows US President Donald Trump's claim of reaching an agreement with Russian President Vladimir Putin, allowing Russia to supply diesel to the US and global markets. The deal reportedly involves releasing 300,000 tonnes of diesel immediately to the US and global markets, with additional deliveries in November and a million tonnes shortly thereafter. Russia's fuel supply is expected to expand to three million tonnes within a short period, contingent on the country's diesel refineries' status. Meanwhile, oil prices remain high amid the seven-month Iran war, with tanker traffic through the Strait of Hormuz significantly lower than pre-war levels. The International Energy Agency (IEA) announced it will expedite the release of more than 20 million barrels of diesel and the remaining volumes of the 400 million barrels of emergency stocks previously agreed in March. The IEA expects oil market balances to remain in deficit well into 2027, warning that oil markets may experience turmoil if the Middle East conflicts persist without resolution before any surplus emerges in 2027.",
  "summary": "The US on Thursday extended a sanctions waiver on Russian oil giant Lukoil , allowing its service operations outside the country to continue until April 2027, the Treasury Department announced. Under the new general licence, Lukoil petrol stations will be able to serve customers until April 25, 2027. This includes petrol stations in the US, the department said. The waiver replaces a previous…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Euronews",
        "title": "US extends sanctions waiver for Russian oil giant Lukoil until 2027",
        "url": "https://urgent.news/2026/10/15/us-extends-sanctions-waiver-for-russian-oil-giant-lukoil-until-2027",
        "published": "2026-10-15T19:35:19.000Z"
      },
      {
        "outlet": "The National UAE",
        "title": "US extends sanctions waiver on Russia's Lukoil until 2027",
        "url": "https://urgent.news/2026/10/15/us-extends-sanctions-waiver-on-russias-lukoil-until-2027-14790022",
        "published": "2026-10-15T20:42:02.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "US extends sanctions waiver for Russia’s Lukoil",
        "url": "https://urgent.news/2026/10/15/us-extends-sanctions-waiver-for-russias-lukoil",
        "published": "2026-10-15T22:02:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}