US sanctions against Lukoil: Russia's losses exceeded 400 billion rubles

'Lukoil' shares fell by 7.2%, which is equivalent to a loss of approximately $3.7 billion in market value, reported the Center for Counteracting Disinformation at the National Security and Defense Council.

The inclusion of the Russian company 'Lukoil' and its subsidiaries in the US sanctions lists provoked an immediate market reaction: within two days, the total capitalization of 'Lukoil' and the sanctioned 'Rosneft' decreased by 424 billion rubles (about $5.3 billion).

'Lukoil's plans in response to sanctions pressure

In response to the sanctions pressure that closes access to financing, logistics, insurance, and services, 'Lukoil' was forced to announce its intention to sell its international assets.

This situation has direct and negative consequences for the Russian budget:

• Forced asset sales at discounts and reduced export revenues mean lower oil dollar receipts and tax revenues into the Kremlin's treasury.
• The drop in revenues directly pressures the revenue part of the Russian budget and reduces the financial resources for military expenditures included in the 2026 budget draft.

'The sanctions pressure on Russia systematically weakens the financial base of the war. The drop in market value and forced exit from foreign markets is another signal to investors and counterparties that working with the sanctioned energy sector of the Russian Federation is becoming toxic and risky, and financial losses for Russia are converting into 'gaps' in the Russian budget and a reduction in the ability to finance aggression,' emphasized the CPD.

After the inclusion of 'Lukoil' and its subsidiaries in the US sanctions lists, the company's total capitalization fell by 424 billion rubles, which seriously affected the market. In response to this pressure, 'Lukoil' decided to sell its international assets, which could negatively impact the Russian economy and its ability to finance various projects.