US torpedoes Lukoil deal sell overseas business Gunvor

US torpedoes Lukoil’s deal to sell its overseas business to Gunvor

07 November 2025 - The US Treasury said it wouldn't allow Gunvor to "operate and profit," calling it "the Kremlin's puppet," so the firm gave up on Lukoil

gunvor lukoil oil sale

Oil trader Gunvor set to take over Lukoil’s refineries, fuel chains in Southeast Europe

30 October 2025 - Lukoil has decided to sell its assets outside Russia to Gunvor, owned by Swedish billionaire Torbjörn Törnqvist

Lukoil refinery Petrotel romania sanctions

Russia’s Lukoil to sell refineries, fuel chains in Southeast Europe amid US sanctions

28 October 2025 - Lukoil operates oil refineries in Bulgaria and Romania, as well as fuel retail chains across the region

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