US Extends Lukoil Sanctions Waiver as New Bidders Emerge

The Trump administration extended a sanctions waiver for some Lukoil PJSC transactions as it steps up engagement with foreign governments and potential buyers over the Russian oil firm’s international assets.

The US Treasury Department issued a license for certain transactions involving the company’s retail service stations and contracts for the sale of the firm’s international assets until Dec. 13, while a separate waiver for deals pertaining to Lukoil’s entities in Bulgaria was extended through April 29, the agency said in a statement.