Finland’s Teboil Files for Restructuring as Lukoil Sanctions Hit

A fuel retailer in Finland filed for corporate restructuring because US sanctions on Russia’s Lukoil PJSC left it unable to conduct business.

Oy Teboil Ab, a unit of the Moscow-based energy giant, submitted an application at the Western Uusimaa District Court on Friday, according to a Justice Ministry registry of insolvency cases.