The company of Putin’s friend will buy foreign assets of Lukoil
Lukoil sells assets in Europe The Russian oil company Lukoil , which came under US sanctions , confirmed the sale of its foreign assets to the Gunvor trader, which is controlled by businessman Gennady Timchenko, close to Vladimir Putin. The parties reached an agreement and Lukoil undertook not to negotiate with other potential buyers. The subject of the transaction is 100% shares of Lukoil International GmbH, registered in Austria.