Russia · Regulatory
Crude oil in Russia
Not tradeable by private parties
COMPREHENSIVE WESTERN SANCTIONS BLOCK ALL RUSSIAN-ORIGIN CRUDE FOR EU / UK / US / CH / AU / CA / JP counterparties. EU Council Regulation 833/2014 as amended bans import of Russian-origin crude oil into the EU (with limited and narrowing transitional carve-outs). G7 Oil Price Cap Coalition prohibits Western maritime services (shipping, insurance, brokering, financing) for Russian-origin crude sold above the price cap. OFAC SDN designations cover Rosneft affiliates, Lukoil subsidiaries, Sovcomflot vessels and shadow-fleet operators. UK OFSI maintains parallel regime. SDN-list shadow-fleet enforcement expanded materially through 2025-2026.
Compiled regulatory guidance from OilFlow Network, not legal advice. Rules change; confirm with the relevant national regulator before structuring a deal.
Frequently asked
- Can private companies import Crude oil into Russia?
- No. COMPREHENSIVE WESTERN SANCTIONS BLOCK ALL RUSSIAN-ORIGIN CRUDE FOR EU / UK / US / CH / AU / CA / JP counterparties. EU Council Regulation 833/2014 as amended bans import of Russian-origin crude oil into the EU (with limited and narrowing transitional carve-outs). G7 Oil Price Cap Coalition prohibits Western maritime services (shipping, insurance, brokering, financing) for Russian-origin crude sold above the price cap. OFAC SDN designations cover Rosneft affiliates, Lukoil subsidiaries, Sovcomflot vessels and shadow-fleet operators. UK OFSI maintains parallel regime. SDN-list shadow-fleet enforcement expanded materially through 2025-2026.
- What license is typically required?
- COMPREHENSIVE WESTERN SANCTIONS BLOCK ALL RUSSIAN-ORIGIN CRUDE FOR EU / UK / US / CH / AU / CA / JP counterparties. EU Council Regulation 833/2014 as amended bans import of Russian-origin crude oil into the EU (with limited and narrowing transitional carve-outs). G7 Oil Price Cap Coalition prohibits Western maritime services (shipping, insurance, brokering, financing) for Russian-origin crude sold above the price cap. OFAC SDN designations cover Rosneft affiliates, Lukoil subsidiaries, Sovcomflot vessels and shadow-fleet operators. UK OFSI maintains parallel regime. SDN-list shadow-fleet enforcement expanded materially through 2025-2026.
- Does OilFlow screen Crude oil counterparties against Russia rules?
- Yes. The free name check on this page and the paid Counterparty Screen both read this same rule row; a private Crude oil deal into Russia is flagged automatically when this page says blocked or restricted.
Other products in Russia
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