US extends Lukoil sanctions waiver as Russian oil giant looks to sell assets
Federaţia Rusă
The Trump administration extended a sanctions waiver for Russian oil giant Lukoil, days before Washington's measures were set to take effect. The U.S. Treasury Department issued licenses to allow Lukoil to keep operating many of its businesses around the world until Dec. 13 — and until April 2026 for its refinery in Bulgaria — as the company looks to sell off its foreign assets. Last month, American President Donald Trump announced “tremendous” new sanctions targeting Lukoil and Kremlin-
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