BRUSSELS — After years of reducing its reliance on Russian gas, the European Union is moving to turn off the taps completely within the next two years.
The European Commission (EC) on May 6 presented a detailed roadmap to fully sever the European Union’s energy dependence on Russia by 2027.
Lukoil in the USA is American owned (as a franchise) and operated and does not use Russian oil. We don’t import any Russian oil to the US. Some money does go overseas but Lukoil is (nominally) a private company so seems to have avoided sanctions. Overall I’d say there are bigger fish to fry.