US allows negotiations on Lukoil's foreign assets until Jan. 17

Reuters

Wed, December 10, 2025 at 11:07 AM EST 1 min read

Dec 10 (Reuters) - The United States on Wednesday extended a ​deadline for negotiations on buying ‌global assets of Russian oil company Lukoil ‌until Jan. 17.

President Donald Trump imposed sanctions on Lukoil and Rosneft, Russia's two biggest energy companies, on ⁠October 22 ‌as part of an effort to pressure Moscow over ‍its war on Ukraine.

Lukoil's global assets are worth about $22 billion and have drawn ​interest from a wide variety ‌of entities including U.S. private equity firm Carlyle Group and Chevron.

The extension of a little more than a month, known as a general ⁠license issued by ​the U.S. Treasury, ​also allows interested parties to enter into contingent contracts for ‍the sale ⁠of the assets and the wind down of related work ⁠on them.

(Reporting by Timothy Gardner and Costas ‌Pitas; Editing by Doina Chiacu ‌and Nick Zieminski)