Reported about 10 hours ago
Russian oil company Lukoil is divesting its international assets in response to new sanctions imposed by U.S. President Donald Trump, aimed at forcing Russia to agree to a ceasefire in Ukraine. The company is in discussions with potential buyers, seeking to finalize transactions by the November deadline, while facing challenges in business dealings outside of Russia due to the sanctions. Lukoil holds significant positions in oil projects across 11 countries, but the sanctions threaten its operations, particularly regarding sales to markets in India and China.
Source: YAHOO