Russia’s Lukoil Makes Debt Payment After Sanctioned Founder Exit
- Bond holders received $34.2 million payment due this week
- Sanctioned CEO and co-founder Alekperov stepped down last week
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Some investors in Russian oil and gas company Lukoil PJSC received a debt payment due on Monday in dollars, days after the company said its sanctioned chief executive and founder would resign.
Lukoil, Russia’s second-largest oil producer, has made a $34.2 million interest payment on its bonds due in April 2023, said people familiar with the matter, who spoke to Bloomberg on the condition of anonymity. The company did not respond to a request for comment.