US Sanctions Threaten Lukoil's Overseas Assets Amid Market Turmoil
TL;DR
Lukoil faces a crisis after the US blocked its deal with Gunvor due to sanctions, risking a €14bn asset loss and raising the possibility of a takeover by Rosneft, as the company’s international expansion is halted and domestic prospects are limited.
- Lukoil in crisis after US blocks deal with ‘Kremlin’s puppet’ Financial Times
- Race to Run Lukoil Assets Heats Up With Days to Sanctions Cutoff Bloomberg.com
- Russian oil firm’s multibillion-dollar assets overseas at risk as US sanctions begin to bite CNN
- Lukoil's foreign assets attract rush of buyers Reuters
- Trump Administration Blocks Gunvor Takeover of Russian Oil Assets - WSJ The Wall Street Journal
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