"Lukoil Is Finished."
"Lukoil Is Finished."30.10.2025, 8:29 US sanctions will result in massive losses for the Russian oil giant.Russian oil giant Lukoil is preparing to completely abandon its foreign assets, a move forced after the tightening of US sanctions that have sharply restricted its exports to the EU and threaten serious fines, writes Politico.The Russian oil and gas corporation said in an official statement that the company has started looking for buyers for its international enterprises. Among the reasons is "the imposition by a number of states of restrictive measures against the company and its subsidiaries."This is primarily about the latest US sanctions: Washington has blacklisted Lukoil along with Rosneft, saying that these measures are a response to the Kremlin's lack of real desire to end the war against Ukraine.The U.S. Finance Ministry has set a strict deadline - Lukoil must wind down its foreign operations by November 21, 2025, or risk facing major financial sanctions. The company stressed that it intends to comply with the requirements and, if necessary, will request a delay to complete asset sales.The consequences will be massive: a former top Lukoil executive told Politico that the company could lose about 30% of revenues and profits. According to him, three oil refineries and about half of the 5,000 gas stations owned by the company outside Russia will be sold."Lukoil is finished," the interlocutor commented on the situation.The sanctions imply that Russian producers must stop supplying oil to European buyers. And any companies that continue to cooperate with them risk coming under legal pressure from the US. Meanwhile, Lukoil and Rosneft together account for about two-thirds of the 4.4 million barrels of oil that Russia exports daily.PATREONSupport the website Write your comment You can support the website Charter97.orgMULTI-CURRENCY ACCOUNT FOR ASSISTANCE:Bank's name: Bank Millennium S.A.Address: ul. Stanislawa Zaryna, 2A, 02-593, WarszawaIBAN: PL97116022020000000216711123SWIFT: BIGBPLPWName of the account holder: Fundacja “KARTA ‘97”Purpose/title of payment: Donation for statuary aimsYou can contact us by the e-mail charter97@gmail.comFollow Charter97.org social media accountsFacebookYouTubeX.comvkontakteok.ruInstagramRSSTelegram
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