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Crushed by punishing US sanctions, Russia’s Lukoil sells its international business.
Business • 02 Nov '25

Crushed by punishing US sanctions, Russia’s Lukoil sells its international business.

Lukoil said Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia’s second-largest oil company is seeking to sell after Washington imposed sanctions on it last week.The planned asset sale is the most consequential action

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Russian stock market meltdown as shares crash in wake of Trump sanctions - 'dead end'
Business • 28 Oct '25

Russian stock market meltdown as shares crash in wake of Trump sanctions - 'dead end'

Russian stocks continued to plunge on Monday, fuelling fears of a major financial crisis following Donald Trump's swingeing new sanctions. The Kremlin has been rocked by the White House's decision last week to target its two largest oil companies in the latest sanctions package.

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