Russian Oil Industry Faces Sanctions and Market Shifts
TL;DR
Lukoil has accepted an offer from Gunvor to sell its foreign assets due to US sanctions, marking a significant response by a Russian company to Western sanctions over the Ukraine conflict. The deal is pending US approval and involves Lukoil's international operations, including major assets in Iraq, Bulgaria, and Romania.
- Crushed by punishing US sanctions, Russia’s Lukoil accepts offer to sell its international business CNN
- Sanctioned Russian Oil Will Find New Ways to Flow - WSJ The Wall Street Journal
- Exclusive: China state oil majors suspend Russian oil buys due to sanctions, sources say Reuters
- India-Bound Tanker With Russian Crude U-Turns in Baltic Sea Bloomberg.com
- Is India finally preparing to give up Russian oil? DW
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