Russia’s second-largest oil company, Lukoil, has just made a massive move under pressure from crippling US sanctions. The company has accepted an offer from Gunvor, a major global commodities trader, to sell all of its foreign assets—from giant oil fields in Iraq to key refineries across Europe. This marks the biggest business shift yet caused by Western sanctions targeting Russia over the war in Ukraine. With a deadline set by the US Treasury, time is ticking for the deal to close—or risk collapsing altogether. Here's the full story of how a Russian oil titan is being forced to retreat from the global stage. WooGlobe Ref : WGA270112 For licensing and to use this video, please email licensing@wooglobe.com
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