U.S. Weighs Sanctions on Rosneft, Lukoil if Alaska Summit With Putin Fails

The United States is considering sanctions on Russia’s largest oil producers, Rosneft and Lukoil, if the summit between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska fails to deliver progress toward a ceasefire in Ukraine.

The Gaze reports this, referring to Bloomberg.

The potential measures are aimed at cutting the Kremlin’s energy revenues, which have been a key funding source for its war effort. 

Rosneft and Lukoil together account for nearly half of Russia’s crude oil exports – about 2.2 million barrels per day in the first half of 2025, the agency estimates.

Officials told Bloomberg that Trump, wary of potential price shocks, would prefer any sanctions to be temporary. 

Additional steps under consideration include tighter restrictions on Russia’s so-called shadow fleet of oil tankers and new tariffs on buyers of Russian crude, including China. 

Sources cautioned that any such measures could be rolled out gradually.

Ahead of the Alaska talks, Trump reiterated that Putin would face “serious economic consequences” if he showed no willingness to end the war in Ukraine.

As The Gaze reported earlier, the expansion of the “shadow fleet” of tankers used to move sanctioned oil has slowed sharply this year, as tougher Western measures against Russia’s energy exports make it harder to acquire suitable vessels.