Lukoil Sells International Assets, Impact of Sanctions

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.