finance
U.S. Extends Deadline for Lukoil Foreign Asset Sale to June 27
The U.S. federal government has granted Lukoil a sixth extension to find a buyer for its international operations. The new deadline is June 27, six months after sanctions were imposed last October.
May 29, 3:02 AM·1m read1 source
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U.S. federal government has extended the deadline for Lukoil to sell its foreign business by one month to June 27. This marks the sixth extension since sanctions were placed on the Russian company last October. The sanctions require Lukoil to divest its international assets, estimated at $22 billion in value. The company has been seeking a buyer under the imposed restrictions.
Under the terms, Lukoil cannot receive advance payments or any other payments directly. U.S. com. Lukoil maintains upstream operations in multiple countries and remains the most active Russian energy company with international holdings.
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