Gazprom Neft, Surgutneftegaz, Ingosstrakh: US imposes new sanctions on Russia
On Friday, January 10, the United States introduced a new wave of sanctions against Russia, targeting major companies vital to its economy, including Surgutneftegaz, Gazprom Neft, Ingosstrakh, AlfaStrakhovanie, and others, according to the U.S. Department of the Treasury.
This sanctions package aims to reduce Russia's energy export revenues, intensify economic pressure, and hinder Moscow's ability to fund its war against Ukraine.
As a result of ties with Russia, Serbia's Naftna Industrija Srbije (NIS), where Gazprom Neft is the majority shareholder, has also been sanctioned.
The new sanctions ban the export, re-export, sale, or supply of oil extraction and transportation services (if purchased above the set price cap) to anyone located in Russia. These restrictions will take effect on February 27, 2025.
On March 12, 2025, permits for certain energy-related transactions involving 12 Russian financial institutions, including Sberbank, VTB, Alfa-Bank, and the Central Bank of Russia, will expire.
The sanctions list now includes 37 individuals, nearly 200 companies, and 180 vessels, all added to the SDN (Specially Designated Nationals and Blocked Persons List), prohibiting US citizens and entities from doing business with them. These entities also carry the risk of secondary sanctions.
Among the individuals sanctioned are Alexey Likhachev, head of Rosatom, along with other managers of the company; Aleksandr Dyukov, CEO of Gazprom Neft; Nail Maganov, head of Tatneft; and Sergei Kudryashov, head of Zarubezhneft.
"The sanctions target over 400 individuals and organizations in Russia’s energy sector that directly or indirectly finance the war machine. We are grateful to the U.S. and the American people for these decisive actions," commented Andriy Yermak, head of the Ukrainian President's Office.
