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Sergei Kochkurov

Sergei Kochkurov

Chief Executive Officer, Lukoil

Appears in 1 story

Stories

US sanctions force Lukoil into a $22 billion global fire sale

Money Moves

Managing Lukoil’s rapid divestment of its international business under Western sanctions

First the US froze Lukoil’s assets. Now it’s effectively forcing Russia’s biggest private oil company to auction off its global business. A fresh Treasury waiver gives buyers until January 17, 2026 to lock in deals for oilfields, refineries and thousands of gas stations worth about $22 billion.

Updated Dec 11, 2025