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Lukoil to Sell $3-10 Billion Assets Amid Sanctions

10/30/2025

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Summary

Story summary

Lukoil announced October 30, 2025 that it accepted Gunvor's offer to sell foreign assets valued at $3-10 billion.
The move follows U.S. sanctions imposed on Lukoil due to the ongoing war in Ukraine.
The deal centers on Lukoil International GmbH, which manages the company's international operations.
The transaction requires approval from the U.S. Treasury's Office of Foreign Assets Control to finalize.
The sale would affect Lukoil's operations across multiple countries.

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Story summary

Lukoil announced October 30, 2025 that it accepted Gunvor's offer to sell foreign assets valued at $3-10 billion.
The move follows U.S. sanctions imposed on Lukoil due to the ongoing war in Ukraine.
The deal centers on Lukoil International GmbH, which manages the company's international operations.
The transaction requires approval from the U.S. Treasury's Office of Foreign Assets Control to finalize.
The sale would affect Lukoil's operations across multiple countries.