US gives Lukoil more time to sell its assets abroad

Washington is extending the deadline for the sale of Lukoil's foreign assets until September 19, according to the website of the Office of Foreign Assets Control of the U.S. Department of the Treasury.

In October 2025, Donald Trump imposed sanctions on Lukoil as part of measures to increase economic pressure on Moscow over the war in Ukraine. The company, which owns the refinery in Burgas and a chain of about 500 gas stations in Bulgaria, was sanctioned for its support for the military invasion.

Shortly after the restrictions were introduced, Lukoil announced that it was offering its assets abroad for sale. However, any deal will require the approval of the Office of Foreign Assets Control.

Editor: Diana Tsankova