28 Oct 2025 | 5 Mins Read
Lukoil to sell foreign assets amid Russia sanctions
Flipitmoney
Lukoil announces selling international assets due to US sanctions. The company, Russia's second-largest oil producer, must wind down its businesses abroad by November 21 or face penalties. Lukoil will consider bids from potential buyers to sell the assets, which are being carried out under a US OFAC wind-down license, following sanctions imposed on 22 October.