None
EN
Russia’s Lukoil to Sell Its Foreign Assets to U.S. Investment Firm
[]
DNyuz
Carlyle, a Washington-based investment firm, will take over all of Lukoil’s overseas assets except for its operations in Kazakhstan, the oil company said in a statement.
“The agreement is conditional upon Carlyle’s due diligence and regulatory approvals,” the investment firm said in a statement.
Lukoil, the only major Russian company still in private hands, has been struggling to find a buyer for its non-Russian assets since the sanctions were imposed.
The restrictions have put in a major dent to Russia’s oil revenues, which are a major component in financing the government and the military.
The post Russia’s Lukoil to Sell Its Foreign Assets to U.S. Investment Firm appeared first on New York Times.