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US sanctions: Washington eases curbs on Lukoil outlets outside Russia; exemption valid till April 2026

A dispatch rider passes in front empty building of the Lukoil headquarter in Sofia, Bulgaria (Picture credit: AP) The United States has temporarily lifted some restrictions on Lukoil-branded fuel stations operating outside Russia, allowing them to continue running despite sanctions placed on the parent company. The treasury department confirmed on Thursday that these stations —…

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‘Restrictive measures’: Hit by US sanctions, Russia’s Lukoil to sell overseas assets; why was it targeted?

Russian petroleum giant Lukoil announced on Monday evening that it will divest its international operations following US sanctions imposed in connection with Moscow’s actions in Ukraine.“Owing to the introduction of restrictive measures against the company and its subsidiaries by some states, the company announces its intention to sell its international assets,” Lukoil said in a…

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