Economy Politics Country 2025-10-29T22:16:46+00:00

Lukoil Sells International Assets Due to Trump Sanctions

Russian oil giant Lukoil announced selling international assets due to US sanctions. The move is a response to increasing geopolitical pressure. The company will focus on the domestic market.


Lukoil Sells International Assets Due to Trump Sanctions

Russian giant company 'Lukoil' announced the sale of its international assets in response to sanctions imposed by US President Donald Trump. This decision is a result of growing pressure on Russian companies from Western governments. Lukoil, one of Russia's largest oil producers, is forced to reconsider its global strategy. The company stated that it will focus on the domestic market and countries not subject to sanctions. Experts believe this decision could impact the energy market in Europe and Asia. 'We are forced to adapt to the changing geopolitical situation,' a company representative said. Analysts expect other Russian energy companies may follow Lukoil's example.