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The Independent UK
The Independent UK
National
Via AP news wire

Russian oil company Lukoil to sell international assets in response to Trump sanctions

Lukoil Oil Russia United States Donald Trump Rosneft Ukraine
Russia Economy - (Copyright 2025 The Associated Press. All rights reserved.)

Russian oil major Lukoil says it is selling its international assets in response to sanctions imposed by U.S. President Donald Trump that aim to push Russia to agree to a ceasefire in its war against Ukraine.

The company said in a statement that it was already talking with potential purchasers. The transactions would be carried out under a sanctions grace period that allows transactions with Lukoil until Nov. 21, and the company said it would seek an extension if necessary to complete the transactions.

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