Carlyle Group Takes Major Step in Acquiring Lukoil’s International Assets Amid U.S. Sanctions | World | london-news-net.preview-domain.com

Carlyle Group Takes Major Step in Acquiring Lukoil’s International Assets Amid U.S. Sanctions

Carlyle Group Takes Major Step in Acquiring Lukoil’s International Assets Amid U.S. Sanctions

Lukoil announced on Thursday that it would be divesting its overseas assets to the American investment firm Carlyle Group. This decision comes a few months after the United States imposed sanctions on the major oil company alongside Rosneft.

Businesses dealing with Lukoil and Rosneft are now at risk of secondary sanctions, which could sever their access to U.S. banks, traders, transporters, and insurers—the key components of the commodities market.

In a statement, Lukoil, the second-largest oil producer in Russia, confirmed that it had “finalized an agreement with the U.S. investment firm Carlyle for the sale of LUKOIL International GmbH.” The financial details of the transaction were not disclosed.

The agreement does not include assets in Kazakhstan and is still awaiting approval from the U.S. Treasury. Lukoil also mentioned that it is pursuing discussions with additional investors.

Initially, U.S. officials had provided Lukoil with a one-month deadline to divest its foreign holdings, but this was later extended as negotiations continued.

Lukoil’s extensive foreign portfolio encompasses stakes in oil fields and refineries worldwide, including locations in Iraq, Azerbaijan, Egypt, the United Arab Emirates, Nigeria, and Mexico.

Following the announcement of the sale, Lukoil’s shares on the Moscow Exchange experienced a 3.5% increase.

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Russian Drone Strike on Kyiv Kills One, Several Wounded – City Officials Текст: A Russian drone attack targeted the Ukrainian capital in the early hours of Saturday, killing one person and wounding seven, authorities in Kyiv said. Loud explosions were heard in the city around midnight, according to AFP journalists, and air defense forces were responding, officials said. Enemy drones are over the city, with air defense responding. There are multiple targets on the capitals outskirts, Tymur Tkachenko, head of Kyivs military administration, said on Telegram. Currently, in Kyiv, there is a total of one dead and seven injured, including one child, Tkachenko later posted. He said the fatality was a man. Mayor Vitaly Klitschko warned people to remain in shelters during the attack. Residential buildings in several districts and cars were damaged, he said. There are currently seven injured in the capital. Four of them have been hospitalized by medics, Klitschko said, also on Telegram. Earlier, he posted that a 13-year-old child was among the wounded. Mykola Kalashnyk, governor of the Kyiv region, said two women were wounded in the town of Brovary. The enemy is heavily attacking the Kyiv region with missiles and drones. Residential areas and people’s homes are under attack, Kalashnyk said. Earlier this week, Russian drones and missiles rained down on Kyiv during the night, setting fires in apartment buildings. City officials said seven people were killed. The strikes come amid a diplomatic push based on a U.S. plan to end the conflict that Kyiv fears will hand big concessions to Moscow. Ukrainian negotiators are expected in the U.S. this weekend for talks on the plan, a senior official briefed on the matter told AFP. Washingtons original proposal — drafted without input from Ukraines European allies — would have seen Kyiv withdraw from its eastern Donetsk region and the U.S. de facto recognize Donetsk, Crimea and Luhansk regions as Russian. The U.S. pared back the initial draft following criticism from Kyiv and Europe, but the current contents remain unclear.

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