Gunvor Withdraws $22B Lukoil Deal Amid US Sanctions and Allegations
TL;DR Summary
Swiss trader Gunvor withdrew its $22 billion bid to acquire Lukoil's assets after U.S. sanctions branded the company a 'Kremlin puppet' and blocked the deal, leaving Lukoil's international operations uncertain.
- Gunvor Pulls $22Bln Lukoil Deal After U.S. Labels Company ‘Kremlin Puppet’ The Moscow Times
- Trump Administration Blocks Gunvor Takeover of Russian Oil Assets The Wall Street Journal
- Gunvor Scraps Lukoil Deal After US Calls It Kremlin ‘Puppet’ Bloomberg.com
- Lukoil's overseas network buckles as Western sanctions bite Reuters
- Trading firm Gunvor, accused by US of being ‘Kremlin’s puppet,’ drops plan to buy Lukoil assets The Hill
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