Friday, December 5, 2025

Swedish investor to buy Lukoil’s foreign assets after U.S. sanctions

TBILISI, November 3 – Swiss-based trading company Gunvor has agreed to purchase the foreign assets of Russian oil major Lukoil, according to Reuters via BPN. The deal comes just days after the United States imposed sweeping sanctions on Lukoil, Rosneft, and dozens of their subsidiaries. Lukoil said in a statement that it had received and … Read more