News
23 March 2026

Lukoil writes off $20bn of foreign assets in sanctions hit

In:
Oil & gas
Region:
Europe

Russia's Lukoil wrote off $20 billion of foreign assets targeted by US sanctions, swinging the company to a 2025 net loss as it seeks US approval to sell most international assets to Carlyle Group. In its 2025 full year consolidated financial report, Lukoil said the impairment contributed...

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