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U.S. extends deadline to April 1, 2026, for negotiations on selling Lukoil’s $22B foreign assets, with no deals finalized and proceeds frozen.
The U.S. has extended the deadline for negotiations on selling Russian oil company Lukoil’s foreign assets—valued at $22 billion—to April 1, 2026, marking the third delay since sanctions were imposed in October.
The extension, confirmed by an OFAC document, allows continued talks without authorizing final transactions, with proceeds frozen under U.S. jurisdiction and no upfront payments to Lukoil.
Senior officials from the Treasury, State Department, and White House are now more involved, including Treasury Secretary Scott Bessent.
Over a dozen bidders, including ExxonMobil, Chevron, and Saudi Midad Energy, are engaged, though no deals are finalized.
The timing coincides with stalled peace talks and reports of a proposed $12 trillion economic deal involving Lukoil assets, though the White House and other agencies have not linked the extension to diplomacy.
Estados Unidos prolonga la fecha límite hasta el 1 de abril de 2026, para las negociaciones sobre la venta de los activos extranjeros de $ 22B de Lukoil, sin acuerdos finalizados y los ingresos congelados.