Lukoil Deal Delayed as US Issues New Sanctions License Extension

The United States has extended the deadline for potential buyers to negotiate the purchase of Lukoil’s international assets, granting a new authorization that pushes the timeframe to 1 May. The decision, reported by Reuters and based on documents from the US Treasury Department’s Office of Foreign Assets Control (OFAC), marks the fourth extension of the process. The updated General License 131D permits interested parties to continue negotiations with Lukoil, including legal, financial and operational due diligence, as well as the drafting of agreements....