The Romanian government adopted on Tuesday an Emergency Ordinance that facilitates the application of international sanctions imposed on Lukoil. This ordinance introduces a mechanism of 'extended supervision', allowing the government to intervene in the activities of companies affected by sanctions, with the approval of the Supreme Council of National Defense (CSAT). The main instrument is special supervision, which can be activated at the request of the company or ex officio, and a supervisor will be appointed to manage the situation.
The sanctions imposed by the US came into effect on November 21 for the Petrotel-Lukoil refinery, and for gas stations from December 13. The refinery is currently under maintenance, and the fate of the 500 employees remains uncertain. Lukoil owns the Petrotel refinery in Romania and a network of approximately 320 distribution stations. It also has a stake in the Trident perimeter in the Black Sea. There are discussions about the possibility of the state temporarily taking over Lukoil's assets, but high operating costs could discourage this action.
The sanctions imposed by the US came into effect on November 21 for the Petrotel-Lukoil refinery, and for gas stations from December 13. The refinery is currently under maintenance, and the fate of the 500 employees remains uncertain. Lukoil owns the Petrotel refinery in Romania and a network of approximately 320 distribution stations. It also has a stake in the Trident perimeter in the Black Sea. There are discussions about the possibility of the state temporarily taking over Lukoil's assets, but high operating costs could discourage this action.
Sources
Latest News
17:27
ANM forecasts temperatures as low as -11 degrees in eastern Transylvania and a marked warm-up next week
17:04
Victor Negrescu, ahead of Ursula von der Leyen’s visit to Bucharest: “It must be a moment for concrete decisions on our country’s security and European investments”
16:39
France will participate in the Russia-Ukraine negotiations in Abu Dhabi, despite Moscow’s opposition to the presence of Europeans
16:30
Fire breaks out at two houses in Chiajna, Ilfov / Authorities intervened with eight emergency vehicles
16:18
The Lower Danube River Administration launches a procurement worth 49.14 million lei for monitoring the Danube
See more news