US Sanctions Force Lukoil to Exit Foreign Assets in Multibillion-Dollar DealOn January 29, Russian oil company Lukoil announced the completion of a deal with the American investment firm Carlyle Group. Under the agreement, Carlyle became the buyer of the foreign assets held by LUKOIL International GmbH, which includes oil refineries in Europe, a network of fuel stations, and several upstream assets. As previously reported by Bloomberg, Lukoil sought a single buyer for all its foreign assets in order to complete the transaction in one step rather than sell the business in parts. Lukoil Shares Rise After Deal AnnouncementNews of the agreement with Carlyle boosted Lukoil shares. Founded in Washington in 1987, Carlyle focuses on private equity, real assets, and private credit.