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In response to the Ukrainian war Europe, the US and few more countries have set up some sanctions against Russian interests, including Russian oil production. However Russian oil and gas companies have a lot of investments outside the Russian Federations and I would like to know whether those interests have been targeted by the sanctions.

For example Lukoil have petrol stations in 18 countries including at least 6 EU countries, but they seem to be working normally:

https://lukoil.be/fr/index.cfm

https://lukoil.bg/en/ForMotorists/PetrolStations

https://lukoil.it/en/ProductsAndServices/Petrolstations

Moreover. Lukoil is developing many oil and gas fields abroad. Rosneft controls the pipeline that transports most of the oil produced in the Kirkuk region, that is a big share of Iraqi oil.

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As a partial answer, Gazprom tried to divest itself of Gazprom Germania. As Germany interprets German law, this sale would have required the prior permission of regulatory bodies, exactly because Gazprom Germania was running gas stations and pipelines. Since there was no such permission, the Bundesnetzagentur has taken over administration of Gazprom Germania. Russia has complained about this "seizure" while Germany insists that it is only temporary, with an end date set for September 22th.

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  • I think some version of this is typical for these Russian foreign investments. The local companies can still operate on their own but if they want to transfer money or goods to or from their Russian home company they are bound by the same sanctions as everyone else.
    – quarague
    Apr 19, 2022 at 19:37
  • This is an isolated event, it does not define a legal scope.
    – FluidCode
    Apr 20, 2022 at 12:09

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