Lukoil Sells International Assets, Impact of Sanctions
Update: 2025-11-14
Description
Lukoil, Russias largest private oil producer, announces plans to sell all international assets due to new restrictive measures. The company begins accepting bids under a special OFAC license, potentially seeking an extension for business continuity. This decision marks a significant shift in Russian energy companies approach to foreign holdings amidst growing sanctions and isolation from Western markets.
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