Due to US sanctions, Łukoil plans to sale its shares abroad. The sales window is short and the Russian company is present in respective countries. After US sanctions, Russian oil giant Łukoil considers selling its abroad shares. “Lukoil announces that, following the imposition of restrictive measures on the company and its subsidiaries by any countries, it intends to sale its abroad assets”, the company informed. Offers of possible buyers are presently under consideration. The sale will be carried out under a licence granted by the U.S. Treasury Department until 21 November. If necessary, Łukoil will besides apply for an extension of this licence.
The group has shares in companies in EU associate States, including Bulgaria, Romania and the Netherlands. Łukoil is besides active in mining projects in the erstwhile russian republics: Azerbaijan, Kazakhstan and Uzbekistan, as well as in countries specified as Mexico, Nigeria, Egypt, the United arabian Emirates and Iraq.
Last week United States imposed sanctions on the 2 largest Russian oil companies - Łukoil and partially state-owned Rosnieft. These measures aim to increase force on Moscow to end the war in Ukraine, which has been going on since 2022.
dpa