economy
April 30, 2026
US again postpones deadline for sale of billions worth of Lukoil assets
The US has extended the deadline for the sale of Lukoil's international assets to May 30. This is a $22 billion deal under sanctions.
TL;DR
- The U.S. Treasury has extended the deadline for energy companies to finalize deals for Lukoil's foreign assets.
- The new deadline is May 30, moved from May 1.
- The international portfolio is valued at around $22 billion and includes oil fields, refineries, and gas stations globally.
- U.S. sanctions on Russian energy companies complicate the sale process.
- Sanctions prevent Lukoil from receiving advance payments, and all proceeds are placed in a frozen U.S.-controlled account.
- Every transaction requires approval from OFAC, slowing down the process.
- The extension provides potential buyers more time for negotiations in an extremely complex deal.
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