Lukoil has moved to sell its overseas assets to the Swiss-based Gunvor in response to the latest US sanctions
Western Europe risks fuel supply disruptions and job losses if a proposed $22 billion acquisition of Russian oil major Lukoil’s international assets does not go through, the intended purchaser, Swiss trader Gunvor, has warned.
Lukoil is divesting its overseas holdings after the US imposed sanctions on the company and Russian energy major, Rosneft. Gunvor is currently negotiating with US regulators to extend its license to conduct transactions with Lukoil, which is set to expire on November 21.
Speaking to the Financial Times on Tuesday…
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