The US Treasury Department extended the license for selling foreign…
The US Treasury Department extended the license for selling foreign assets of 'Lukoil'. The Office of Foreign Assets Control (OFAC) under the US Treasury Department extended a license valid until August 22, permitting sales of Lukoil's international assets – Lukoil International GmbH (LIG).
Consensus
- The U.S. Department of the Treasury has extended a license for transactions involving Lukoil International GmbH.
- The extension allows negotiations and deals related to the sale, transfer, or disposal of LIG or any entity controlled by LIG.
- The license is valid until August 22, 2025.
- Lukoil announced plans to sell its foreign assets after being sanctioned in October 2025.
- A preliminary agreement was reached with the American investment fund Carlyle for the sale of LIG.
Points of divergence
- Lukoil fully wrote off its stake in Lukoil International, resulting in a loss of 1.7 trillion rubles. — fontanka
- The license is General License No. 131F and applies to entities where LIG owns 50% or more. — vedomosti
- Lukoil has a stake exceeding 50% in the subsidiaries listed as subject to sanctions, including 'Lukoil – Zapadnaya Sibir', 'Lukoil – Kaliningradmorneft', 'Uralkoil', and RITEK. — kommersant
Coverage (3 sources)
- US Treasury extends license for sale of foreign assets of 'Lukoil' — Фонтанка
- USA extended license for sale of foreign assets of 'Lukoil' — Ведомости
- USA extended the deadline for selling Lukoil's foreign assets to end of August — Коммерсантъ