Ukraine: Lukoil to sell international assets in response to Trump sanctions

Frankfurt (Germany), 28 October (LaPresse/AP) – Russian oil giant Lukoil has announced the sale of its international assets in response to sanctions imposed by US President Donald Trump, aimed at pushing Russia to accept a ceasefire in the war against Ukraine. The company said in a statement that it is already in talks with potential buyers. The transactions will be carried out under a sanctions grace period that allows transactions with Lukoil until 21 November, and the company said it will seek an extension, if necessary, to complete them. Lukoil has interests in oil and gas projects in 11 countries. It owns refineries in Bulgaria and Romania and a 45% stake in a refinery in the Netherlands. On 22 October, Trump announced new sanctions against Lukoil and Rosneft, Russia’s two largest oil companies, which account for about half of the country’s oil exports. to the parent company.