Levan Akhvlediani, Deputy Director of Lukoil Georgia, says the company’s fuel imports have dropped to zero following U.S. sanctions imposed on its parent company. He made the statement during the session of the parliamentary Price Commission.
According to Akhvlediani, before the sanctions the company held a 25% share of Georgia’s fuel import market - a figure that has now completely disappeared.
“We operate 57 fuel stations in Georgia. At this stage, the company is under sanctions, effective since October 2025. Because of this, we have practically stopped importing - our import share in the market is now zero, though it was 25% before sanctions. Our pricing structure is exactly the same as what my colleagues described,” Akhvlediani said.
The U.S. imposed financial sanctions on Russia’s oil giant Lukoil on 22 October 2025, and the restrictions automatically extended to its Georgian subsidiary, Lukoil-Georgia, cutting it off from international financial and trading operations.
