Lukoil is a Russian multinational energy company involved in oil and gas exploration, production, refining, and marketing.
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Treasury says new U.S. sanctions on Russian oil firms Rosneft and Lukoil are pushing down oil prices and cutting into a key source of money for Russia’s war in Ukraine.
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Bulgaria is moving to keep its only oil refinery running by giving a state-appointed manager more power over the Lukoil-owned plant before U.S. sanctions take effect.
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The Trump administration imposed new sanctions on Rosneft and Lukoil to pressure Russia to end its war in Ukraine.
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