After US Sanctions, Lukoil to Sell Assets to Firm Founded by Putin Ally

How Putin overplayed his hand, and sank Lukoil

Putin's courtiers have been feeding him half-truths for years. Any idea of compromise is treachery to the Russian dictator – unless he says so himself

Russia’s Lukoil Agrees to Sell Overseas Assets to Gunvor After US Sanctions

Russia’s second-largest oil company, Lukoil, announced on October 30 that it has accepted an offer from the global commodity trader Gunvor to acquire its international assets. According to Reuters, this move follows the recent imposition of sanctions on Lukoil by Washington last week. The planned sale represents the most significant action taken by a major Russian corporation to date in direct response to Western sanctions levied after Russia’s …

After US sanctions, Lukoil to sell assets to firm founded by Putin ally

Gunvor, which is registered in Cyprus and headquartered in Switzerland, was founded in 1997 by Gennady Timchenko, a close associate of Russian President Vladimir Putin, and Swedish billionaire Torbjörn Törnqvist.

Lukoil to sell its foreign assets to company with ties to Vladimir Putin

The biggest privately-owned Russian oil company, Lukoil has announced it will be selling its foreign assets to the company Gunvor after it was sanctioned by the US Treasury Department. Gunvor Group Ltd is a company with strong ties to Russia’s President Vladimir Putin. You can read more about Gunvor here. According to Bloomberg, President Trump is not enforcing his new sanctions on Russia and didn’t discuss them in his meeting with China’s leade…

Lukoil to Sell Foreign Assets to Gunvor After U.S. Sanctions

Lukoil said on Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia's second-largest oil company is seeking to sell after Washington imposed sanctions on it last week.