Bank Of Baku

US Treasury allows talks about sale of Lukoil's foreign assets until April 1

US Treasury allows talks about sale of Lukoil
# 26 February 2026 20:45 (UTC +04:00)

The US Treasury Department has extended a license for companies to negotiate with Russian oil company Lukoil about buying its foreign assets until April 1, according to a document by the Office of Foreign Assets Control (OFAC), APA reports citing Reuters.

The license was initially valid until January 17 and was later extended until February 28. It authorizes transactions related to negotiations regarding the sale, disposition, or transfer of Lukoil International GmbH and its assets.

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