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165 new news items in the last 24 hours
Tuesday 13:58

The Romanian government has adopted an emergency ordinance that allows the application of international sanctions against Lukoil, introducing an extensive monitoring mechanism for the affected companies.

Sanziana Georgescu
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Current Affairs
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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.

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Statul român va institui supraveghere specială asupra Lukoil, potrivit unui act normativ aprobat de Guvern
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Capital
OUG pentru Lukoil. Guvernul Bolojan va putea interveni asupra companiilor din România afectate de sancțiuni

ȘTIRI PE ACELEAȘI SUBIECTE

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Economy
The Ministry of Foreign Affairs has launched a project to enable the Government to manage the US sanctions on Lukoil, introducing a mechanism for "extended oversight".
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Politics
Prime Minister Ilie Bolojan announces that Romania will impose sanctions against Lukoil, but will ensure the supply of gasoline and diesel.
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Politics
The Romanian government, through spokesperson Ioana Dogioiu, will prepare a draft ordinance for the application of sanctions against Lukoil, ensuring solidarity in this endeavor.
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Current Affairs
Three companies are interested in acquiring Lukoil's assets in Romania, and the Romanian state supports the speed of the transaction without requesting an extension of the American sanctions.
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Politics
The presidential advisor Radu Burnete announces that Lukoil is under the observation of the Romanian authorities, who can analyze and block the sale of operations in Romania.
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Government EGO international sanctions Lukoil

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Yesterday 20:15

Lukoil gas stations can continue operations until April 2026, according to a U.S. license, thus ensuring jobs and energy security.

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