US and Russia negotiating multibillion Lukoil asset deal

The Trump administration has been negotiating a multibillion-dollar oil deal involving Russian energy company Lukoil assets with Moscow for several months, according to The New York Times.

Deal details

Business figures connected to key participants in US-Russia negotiations are involved in the discussions.

The deal is valued at billions of dollars. Exact terms and the current status of the negotiations have not been disclosed.

Context

Lukoil assets have drawn international attention amid sanctions imposed on Russia following its full-scale invasion of Ukraine. The potential agreement carries significant geopolitical implications.