On October 22, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) imposed full blocking sanctions pursuant to E.O. 14024 against Russian energy companies: PJSC Lukoil Oil Company (“Lukoil”) and PJSC Rosneft Oil Company (“Rosneft”), along with subsidiaries.
The United Kingdom’s Office of Financial Sanctions Implementation (OFSI) of the HM Treasury, on October 15, 2025, sanctioned companies including but not limited to Rosneft and Lukoil.
The EU, on October 23, 2025, further expanded transactional bans against companies including but not limited to Rosneft and Gazprom Neft as part of the 19th sanctions package.
WHEREAS, Above sanctions designations and respective companies represent a significant portion of Russia’s oil production and output.
And has significant global operations and vast international maritime touchpoints for marine vessels including but not limited to exploration, drilling, extraction, transportation, distribution, bunkering, barge and port operations,
Liberia issued condition for compliance basis above condition.