Lukoil’s agreement with Carlyle on the sale of assets is no longer valid
Luklayla’s agreement with the American investment company Carlyle on the sale of foreign business expired at the end of July 2026, as the transaction did not receive approval from the Office of Foreign Assets Control of the US Treasury (OFAC).
Luklayla’s agreement with the American investment company Carlyle on the sale of foreign business expired at the end of July 2026, as the transaction did not receive approval from the Office of Foreign Assets Control of the US Treasury (OFAC). This is stated in the financial statements of LUKOIL International GmbH (LIG) for 2025, which was reviewed by RBC.
"Intensive negotiations are currently underway with other stakeholders regarding the potential acquisition of the LIG group of companies," the report said.
The document notes that the lack of permission from OFAC to sell the business creates uncertainty about LIG’s future operations. In case of termination of sanctions exemptions, the company allows restrictions in settlements and the risk of blocking bank accounts.
LIG is a wholly owned subsidiary of LUKOIL, which owns the group’s foreign assets. The report was published on September 30, 2026.
