Lukoil LKOH.MM, Russia’s second largest oil producerannounced that it will sell its international assets due to the imposition of restrictive measures against the company and its subsidiaries by some Western countries.
“The sale of the assets is being conducted under an OFAC phase-out permit. If necessary, the company plans to apply for an extension of the license to ensure the smooth operation of its international operations“, she said Lukoil in the announcement of, adding that the evaluation of offers from potential buyers has begun.
On October 22the president of the USA Donald Trump imposed sanctions related to Ukraine to Russia’s biggest oil companies, Lukoil and Rosneft ROSN.MM, as Washington’s toughest package of measures against Russian business during the war in Ukraine.
On October 15h Britain it also targeted Lukoil and Rosneft, as well as 44 tankers from the so-called “shadow fleet,” consisting mostly of aging vessels with opaque ownership, in what it described as a new effort to tighten energy sanctions and limit Kremlin revenues.
Source :Skai
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