economy
January 30, 2026
Russian oil major agrees sale of foreign assets to US firm
A deal between sanctioned Russian giant Lukoil and Carlyle Group awaits US regulatory approval after a prior bid was rejected
TL;DR
- Lukoil has agreed to sell most of its international assets to Carlyle Group.
- The US has imposed sanctions on Russia's oil sector since February 2022.
- The transaction requires regulatory approvals, including from the US Treasury.
- A previous bid from Gunvor Group collapsed after US accusations.
- Carlyle Group manages approximately $474 billion in assets and has past business ties to Donald Trump.
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