- Lukoil assets, US sanctions, and Russia-Iran energy ties
- The Trump administration has used sanctions against oil companies like Rosneft and Lukoil, while high-level talks are underway regarding waivers and market disruption in the Middle East.
- Lukoil assets are under US Treasury management, facing international sanctions pressure regarding its operations in Northern Europe and the Middle East.
Trump Administration Backs Deal for Lukoil Overseas Assets
1 report, 1 independent
Updated Oct 9
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What happened
The Trump administration is backing a deal for Lukoil’s overseas assets, which are valued at about $20 billion. A consortium led by Todd Boehly and including the US International Development Finance Corporation (DFC) is seeking to purchase fields and three refineries in Bulgaria, Romania, and the Netherlands. The deal is structured so that profits from the assets will flow to the US Treasury.
From nypost.com
Why it matters
The purchase could bring shuttered refining capacity back online. The transaction is poised to deliver billions of dollars to the US Treasury.
Lukoil assets are currently under US Treasury management and face international sanctions pressure regarding its operations in Northern Europe and the Middle East.
From nypost.com