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Lukoil to Sell Assets Amid U.S. Sanctions Deadline

10/28/2025

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Summary

Story summary

Lukoil announced plans to sell its international assets after U.S. sanctions over the war in Ukraine.
The sanctions target Lukoil and Rosneft, together accounting for two-thirds of Russia's daily crude exports.
The sanctions are part of U.S. President Donald Trump's efforts to pressure Russia.
The U.S. set a November 21 deadline for Lukoil to wind down international operations, with penalties.
Some European nations, including Hungary, seek exemptions from these sanctions.

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Story summary

Lukoil announced plans to sell its international assets after U.S. sanctions over the war in Ukraine.
The sanctions target Lukoil and Rosneft, together accounting for two-thirds of Russia's daily crude exports.
The sanctions are part of U.S. President Donald Trump's efforts to pressure Russia.
The U.S. set a November 21 deadline for Lukoil to wind down international operations, with penalties.
Some European nations, including Hungary, seek exemptions from these sanctions.