US Pushes Back Deadline Again for Sale of Lukoil International Operations

The United States has extended the deadline for companies interested in acquiring international assets from Russian oil company Lukoil, allowing negotiations to continue until June 27, according to the US Treasury Department. The decision effectively gives potential buyers an additional month to engage in talks over Lukoil’s foreign portfolio, which has been placed under pressure following US sanctions introduced last October against both Lukoil and Rosneft over their links to Russia’s war financing. Since the sanctions were imposed, Washington has repeatedly prolonged the authorization window for negotiations, marking roughly six extensions in total....