Sanctioned Russian oil giant to sell foreign assets

Oct 28th 2025 4:10pm EDT

Lukoil has started considering bids from potential buyers, according to a company press release Russian oil major Lukoil has announced plans to divest its foreign assets following the imposition of Western sanctions on the company and its subsidiaries. Lukoil, along with Russia’s other major oil producer, Rosneft, was targeted by US sanctions announced last week […]

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