CUTTING THE TENTACLES OF RUSSIAN ENERGY ‘OCTOPUS’. LUKOIL
DiXi Group continues the series of materials to explore the foreign ties of key Russian energy companies for the elaboration of proposals for expanding sanctions limiting the international influence of the Russian energy sector. (Previous publications: Rosneft, Rosatom, Novatek)
In this publication, we defined proposals on how Lukoil’s tentacles could be effectively cut off.
Lukoil is the biggest private oil producer in Russia and a company with a wide portfolio of foreign assets. As for now, new sanctions for Russian full-scale aggression against Ukraine were not imposed against this company as a corporate subject, despite tight connections of its leadership with Kremlin and Lukoil’s important role in the international trading of Russian oil.
Therefore, it is essential to look at all the tentacles of this Russian energy “octopus’ to see where they can be “cut off”.
The paper was prepared with the support of the International Renaissance Foundation.
The material reflects the position of the authors and does not necessarily reflect the position of the International Renaissance Foundation.