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Gunvor Withdraws $22B Lukoil Deal Amid US Sanctions and Allegations

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Source: The Moscow Times
Gunvor Withdraws $22B Lukoil Deal Amid US Sanctions and Allegations
Photo: The Moscow Times
TL;DR

Swiss trader Gunvor withdrew its $22 billion bid to acquire Lukoil's assets after U.S. sanctions branded the company a 'Kremlin puppet' and blocked the deal, leaving Lukoil's international operations uncertain.

Topics:worldbusiness#business#gunvor#lukoil#oil-assets#russia#us-sanctions
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  1. Gunvor Pulls $22Bln Lukoil Deal After U.S. Labels Company ‘Kremlin Puppet’  The Moscow Times
  2. Trump Administration Blocks Gunvor Takeover of Russian Oil Assets  The Wall Street Journal
  3. Gunvor Scraps Lukoil Deal After US Calls It Kremlin ‘Puppet’  Bloomberg.com
  4. Lukoil's overseas network buckles as Western sanctions bite  Reuters
  5. Trading firm Gunvor, accused by US of being ‘Kremlin’s puppet,’ drops plan to buy Lukoil assets  The Hill

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