““Lukoil” loses $10 billion: US sanctions paralyze company abroad – FTLukoil shares on the Moscow Exchange fell to 4,900 rubles, and the company’s capitalization decreased by $9.6 billion after new US
sanctions. This led to the blocking of sales of foreign assets and problems with operations in international markets.
”, — write: unn.ua
DetailsInvestors fear that the company will suffer significant losses when trying to sell foreign assets.
Sanctions hit Lukoil: Russia loses its main oil asset in Iraq10.11.25, 15:55 • 4297 views
The sanctions have effectively paralyzed Lukoil’s activities in international markets: Iraq does not transfer funds or accept oil from the company; the Teboil gas station network in Finland is out of fuel; Swiss Litasco cannot charter tankers or make payments; India and China refuse to buy oil.
The sale of foreign assets to Swiss Gunvor was blocked by the US Treasury Department, and Lukoil is now preparing for a possible loss of $16 billion in foreign property, the report says.
Foreign assets of Lukoil: oil trader Gunvor abandoned purchase deal after pressure from US – FT07.11.25, 08:53 • 3399 views