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 licence that was set to expire this month.The licence prohibits the “transfer of funds to any person or account located in the Russian Federation”, it reads. It also excludes transactions involving Russia's central bank, its national wealth fund and the Ministry of Finance. In a separate licence, the Treasury Department also authorised certain transactions for Lukoil Bulgaria's firms in the same time period.The decision comes a week after US President Donald Trump said he had reached a deal with Russian President Vladimir Putin that would allow Russia to supply diesel to the US and the global markets. The agreement deepened a rift between the US and its European partners, including Ukraine, and within Mr Trump's Republican Party.Mr Trump said Russia would immediately release 300,000 tonnes of diesel to the US and global markets, with another 500,000 tonnes released in November and a million tonnes “immediately thereafter”.He also said Russia would release three million tonnes of fuel “within...
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