Russia"s second-largest oil company, Lukoil, announced plans to divest its foreign assets in response to new Western sanctions targeting the company and its subsidiaries. The announcement comes amid a significant decline in the company"s shares, which have fallen 17% over the past week.
This decision reflects the ongoing impact of international sanctions on Russian businesses. Lukoil"s move to divest foreign assets is part of a broader trend among Russian companies facing similar challenges due to geopolitical tensions.
As previously reported, the economic landscape for Russian firms continues to evolve under the pressure of sanctions, affecting their operations and market performance.
The situation remains fluid as Lukoil navigates these challenges in the global oil market.
