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Russia Faces $50bn Annual Losses From Oil Sanctions as Lukoil Exits International Assets
Lukoil divests over 100 subsidiaries in 50 countries to Gunvor following US sanctions that restrict its foreign operations, impacting Russia's oil export capacity.
Summary by intellinews.com
10 Articles
10 Articles
The richest man in Russia sees his oil empire disappearing after a new series of American sanctions against the energy sector in Moscow forced Lukoil, the company that founded it, to sell foreign operations, writes TPWorld.
·Romania
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Russia faces $50bn annual losses from oil sanctions as Lukoil exits international assets
Russia is expected to lose at least $50bn annually due to oil-related sanctions, as Moscow’s largest private oil producer Lukoil agrees to sell its international assets and Germany considers nationalising operations owned by state-run Rosneft.
·Berlin, Germany
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Gunvor, a group co-founded by a Putin trust, wants to buy the Vienna holding company, in which the international business of the Lukoil Group is bundled.
·Vienna, Austria
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Coverage Details
Total News Sources10
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
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