Washington pushes back the $22 billion divestment deadline to June 27 amid complex negotiations with potential buyers.
The US government has extended the deadline for Lukoil to sell its international assets by another month, setting the new date at June 27. This marks the sixth delay since sanctions were imposed last October, requiring the Russian energy firm to divest its $22 billion foreign business.
Previous deadlines were missed as negotiations with buyers proved more challenging than anticipated. The forced sale stems from sanctions targeting Lukoil’s operations outside Russia, with terms mandating a full exit from global markets.
No immediate market reaction was reported following the announcement.