The shares of Romgaz and Petrom have reached new historical highs after the sanctions imposed by the USA against the Russian energy giants, Lukoil and Rosneft.

On Thursday, the shares of Romgaz (SNG) and Petrom (SNP) reached new historical highs, driven by the announcement from the Trump administration regarding sanctions against Russian energy giants, Lukoil and Rosneft. Romgaz shares rose by 5%, reaching 9.7 lei, which added over 2 billion lei to the company's market capitalization, while Petrom shares increased by 2%. Amid geopolitical tensions, investors anticipate a rise in the value of local energy resources, and the entire Bucharest stock exchange rose by 1.2%.

The sanctions target Russian companies essential for the Kremlin's budget, and the U.S. Treasury Secretary stated that the goal is to degrade Russia's war machine. The reaction of international markets was swift, with Brent oil prices rising by over 3%. These measures are intended to reduce Russian deliveries and put additional pressure on prices.