What is the new deadline for energy companies to finalize deals to buy Lukoil's foreign assets, and how much was it extended by?

The U.S. Treasury Department extended the deadline for energy companies to strike deals to buy Lukoil's foreign assets to May 30 from May 1 — a one-month extension.

Why did the U.S. impose sanctions on Lukoil and what condition must all asset sale deals meet regarding payment?

The U.S. imposed sanctions on Lukoil in October as part of efforts to pressure Russia in Ukraine peace talks, citing the role of Lukoil’s revenues in supporting the more than four-year war in Ukraine; any deal must ensure Lukoil receives no upfront payment, with all proceeds placed in a frozen account under U.S. jurisdiction and requiring final approval from the Treasury Department's Office of Foreign Assets Control.

US Extends Deadline for Lukoil Asset Sales Talks to May 30

Apr 29, 2026

The U.S. Treasury extended the deadline for purchasing Russia's Lukoil international assets to May 30, covering a $22 billion portfolio including oilfields and refineries amid ongoing Ukraine war sanctions.

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