United States extends deadline for Lukoil to sell foreign assets

The United States has extended the deadline for Russian oil giant Lukoil to divest its foreign assets, marking the latest in a series of extensions granted to the company. The license allowing Lukoil additional time to complete the sale of its overseas holdings has been renewed multiple times since sanctions were first imposed on the energy company following Russia's invasion of Ukraine in 2022. The extensions provide Lukoil with more time to find buyers for its international operations while maintaining compliance with US economic sanctions that target Russian energy firms as part of broader Western efforts to pressure Moscow over the war.