Trump’s Sanctions Lead Russian Oil Company Lukoil to Divest Foreign Holdings
Russian Oil Giant Lukoil to Divest International Assets On Monday, Lukoil, one of Russia’s major oil companies, announced plans to sell off a significant portion of its international holdings across 11 nations. This decision comes in response to mounting pressure from recently imposed U.S. sanctions under President Trump. Last week’s sanctions specifically targeted Lukoil and […]
China and India reduce their Russian oil purchases following Trump’s sanctions on Rosneft and Lukoil
China and India have started to reduce their purchases of Russian crude oil following President Trump’s sanctions on two major exporters from Russia, which were announced on Wednesday. According to Reuters, on Thursday, several Chinese state-owned oil companies, including PetroChina, Sinopec, CNOOC, and Zhenhua Oil, halted their seawater purchases of Russian crude. They cited a […]
Trump imposes sanctions on Russian oil companies Rosneft and Lukoil, cancels meeting with Putin
Trump Imposes New Sanctions on Russia’s Oil Giants After a period of mixed signals regarding how to handle relations with Moscow, President Trump has taken a firmer stance by imposing new sanctions on Russia’s two major oil companies, Rosneft and Lukoil. He also canceled an upcoming summit with Russian President Vladimir Putin, marking a clear […]