Leonid Fedun sold his stake in Lukoil

Former vice-president of Lukoil Leonid Fedun sold his stake in the oil company, Reuters reported on November 25, citing sources.

According to them, Fedun sold his share at the beginning of 2025, selling about 10% of the shares, the buyer was Lukoil itself. Reuters estimates Fedun's stake was worth about $7 billion, but it is unclear whether he received that exact amount.

In August, Lukoil said it would cancel 76 million shares, or about 11% of its capital, that it had repurchased on the market in 2024-2025.

Lukoil declined to comment. Journalists were unable to contact Fedun.

• Leonid Fedun served as vice president of Lukoil for 26 years, from 1996 to 2022. He left the company due to “reaching retirement age and family circumstances,” Lukoil reported in June 2022. Soon after, the oil company bought the Spartak football club, of which Fedun was the main shareholder.
• Leonid Fedun is a resident of Monaco. As Reuters notes, the sale of his stake in Lukoil shows that he is selling off his assets in Russia.
• The US announced sanctions against Lukoil in October, after which the company announced that it planned to sell its international assets.