There has been a stir after US President Donald Trump imposed sanctions on two major Russian oil companies. Due to these sanctions, Russian President Vladimir Putin’s oil empire has started to slowly collapse. Due to these sanctions, Russia’s largest oil company Lukoil has made a big announcement. It has said that it will sell its foreign companies.
Russia’s largest oil company Lukoil officially announced on Monday that, ‘Donald Trump (US President Donald Trump) imposed sanctions on us last week due to the Ukraine war, due to which we will sell our international assets.’ The company clearly said that Trump wants to force Russia, which is fighting against Ukraine, to stop the war, due to which they imposed sanctions on our company and this is why we have been forced to sell our assets.’
Lukoil has also said that, ‘After the US imposed sanctions, we will be able to trade crude oil until November 21. “That is why we are discussing with potential buyers to reach agreements for the purchase of oil and we will complete those agreements within the embargo period.” According to the report, Lukoil has stakes in oil and gas projects in 11 countries, including refineries in Bulgaria and Romania and a 45 percent stake in a refinery in the Netherlands.
