00:00Russia's second-largest oil giant is making a shocking exit from the global stage after being crushed by U.S. sanctions.
00:06Lukoil, once a symbol of Russian oil power, is now selling off its entire international business.
00:13Why? Because U.S. sanctions just hit them where it hurts most.
00:16Last week, Washington sanctioned Lukoil and gave businesses until November 21 to cut ties.
00:22Now the company has accepted an offer from Gunvor, a major global trader, to buy all of its foreign assets.
00:28That includes a massive oil field in Iraq, refineries in Romania and Bulgaria, and fuel chains across Europe.
00:36Gunvor, which once had links to Putin's inner circle, has used its post-Ukraine war profits to scoop up energy assets worldwide.
00:43But this deal still needs the green light from the U.S. Treasury.
00:47And if it doesn't go through by the deadline, both companies may ask for more time.
00:51This is the biggest move yet by a Russian firm under the pressure of Western sanctions.
00:55And it could mark the end of Lukoil's global footprint.
00:59A global oil titan brought to its knees.
01:01By war, by politics, and by power plays in the energy world.
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