Lukoil Sale Tied to Ukraine Peace Talks
The New York Times reports that U.S.-Russia negotiations to end the war in Ukraine now include a multibillion-dollar sale of Russian energy giant Lukoil’s global assets. The deal, which requires approval from both Washington and Moscow, involves oil fields, refineries, and gas stations worldwide. Key participants include U.S. investor Todd Boehly and Middle Eastern groups linked to U.S. negotiators Steve Witkoff and Jared Kushner. Russian President Vladimir Putin raised the proposal during a September 5 meeting, framing it as a way to demonstrate business ties with the U.S. while potentially lowering global energy prices. The transaction remains contingent on U.S. Treasury approval and lifting of sanctions, which would significantly increase the assets' value.
