Lukoil Eyes Carlyle Deal to Sell Overseas Assets Amid Sanctions

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Source: The New York Times
Lukoil Eyes Carlyle Deal to Sell Overseas Assets Amid Sanctions
Photo: The New York Times
TL;DR

Lukoil said it is in talks to sell its foreign (non‑Russian) assets to Carlyle Group, potentially transferring most overseas holdings except Kazakhstan, as Western sanctions dent Russia’s oil revenue; terms are undisclosed and the deal would require Carlyle’s due diligence and regulatory approvals, including from the U.S. Treasury.

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