U.S. private equity firm #Carlyle is exploring options to buy Russian oil major #Lukoil's foreign assets.
#Gunvor ended its pursuit of the Lukoil foreign assets after the U.S. Treasury expressed its intent to block the deal and called it a Kremlin "puppet."
Saturday, November 8, 2025
Russia strikes residential building in Dnipro, killing 1, injuring 11 -- AI soldiers: How deepfakes are manipulating Ukraine’s mobilization narrative -- Drones hit key Russian petrochemical plant in Republic of Bashkortostan -- Can the West win a ceasefire with Russia? ... and morehttps://activitypub.writeworks.uk/2025/11/saturday-november-8-2025/
“As long as Putin continues the senseless killings, the Kremlin’s puppet, Gunvor, will never get a licence to operate and profit,” said the US Treasury in an X post on Thursday.
plant’s management and organize its sale without #Lukoil’s involvement.
Meanwhile, the international oil trader #Gunvor has announced that it is abandoning plans to to buy assets from #Russian company #Lukoil following statements from the #US and threats of sanctions, according to #Gunvor_Group.
The deal, which was supposed to rescue #Lukoil’s international subsidiaries, has now fallen through. Against this backdrop, #Lukoil’s shares on the #Moscow_Exchange dropped by more than 4%.
Swiss commodity trader #Gunvor said on Thursday it has withdrawn its proposal to buy foreign assets of Russian energy company #Lukoil, after the U.S. Treasury called it Russia's "puppet" and signaled Washington opposed the deal.
After #sanctions, #Lukoil to sell assets to firm founded by #Putin ally
#Russian oil company #Lukoil had reached deal to sell its foreign assets to #Gunvor, company founded #Putin ally
Lukoil said Gunvor offered to buy assets & 2 companies had agreed on key terms of deal
Gunvor, registered in #Cyprus and headquartered in #Switzerland, was founded in 1997 by Gennady Timchenko, a close associate of Putin, and #Swedish #billionaire Torbjörn #Törnqvist
https://kyivindependent.com/after-us-sanctions-lukoil-to-sell-assets-to-firm-founded-by-putin-ally/
Gunvor, which is registered in Cyprus and headquartered in Switzerland, was founded in 1997 by Gennady Timchenko, a close associate of Russian President Vladimir Putin, and Swedish billionaire Torbjörn Törnqvist.
#Lukoil said on Thursday it had accepted an offer from global commodity trader #Gunvor to buy its foreign assets, which Russia's second-largest oil company is seeking to sell after Washington imposed sanctions on it last week.
"Following the major WikiLeaks release of US State Department cables in November 2010, it was reported by the London Daily Telegraph that the wealth of the then Russian Prime Minister Vladimir Putin was linked to a 'secretive Swiss-based oil trading firm' called Gunvor."
...selbstverständlich #Gunvor
https://bsky.app/profile/kyivindependent.com/post/3m4g5spdr322i
⚡️After US sanctions, Lukoil to sell assets to firm founded by Putin ally. Russian oil company Lukoil said on Oct. 30 that it had reached a deal to sell its foreign assets to Gunvor, a company founded by an ally of President Vladimir Putin. https://kyivindependent.com/after-us-sanctions-lukoil-to-sell-assets-to-firm-founded-by-putin-ally/
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