‘Restrictive measures’: Hit by US sanctions, Russia’s Lukoil to sell overseas assets; why was it targeted?
Russian oil giant Lukoil is divesting its international operations following US sanctions imposed due to Moscow’s actions in Ukraine. The sanctions, which freeze US assets and bar American firms from doing business with Lukoil and Rosneft, have prompted the company to begin selling its global assets. This move comes as peace negotiations between Russia and Ukraine remain stalled.🕒 1 min read
Russian oil giant Lukoil is divesting its international operations following US sanctions imposed due to Moscow’s actions in Ukraine. The sanctions, which freeze US assets and bar American firms from doing business with Lukoil and Rosneft, have prompted the company to begin selling its global assets. This move comes as peace negotiations between Russia and Ukraine remain stalled.
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