# Lukoil international asset divestment > Live situation record from CLSTR: https://clstr.news/situations/lukoil-international-asset-divestment > Updated: 2026-10-22T05:40:00.000Z. Sources: 132. Developments: 8. Following US sanctions imposed by the Office of Foreign Assets Control (OFAC) in October 2025, Russian oil company Lukoil has sought to sell its international assets to navigate challenges within Western-reliant financial infrastructures. The company’s global portfolio, valued at approximately $22 billion, includes operations in various countries such as Romania, Azerbaijan, and Kazakhstan. A major component of this divestment involves a $20 billion acquisition of Lukoil’s international oil assets, including significant European refinery assets in Bulgaria, Romania, and the Netherlands, as well as over 800 retail fuel stations across Southeast Europe. While the Carlyle Group has officially confirmed it is no longer pursuing the acquisition, earlier reports indicated the deal was awaiting interagency decisions from the National Security Council, the State Department, and the Department of Energy to address potential impacts on European fuel production. The path to sale has since shifted toward a rival consortium led by American billionaire Todd Boehly, which reportedly includes Middle Eastern investors and the U.S. International Development Finance Corporation (DFC). On October 15, 2026, the US Treasury Department extended a sanctions waiver for Lukoil, allowing its branded petrol stations outside of Russia to continue operating until April 24, 2027. This follows an announcement by President Donald Trump regarding an agreement with Moscow to supply diesel to US and global markets. Recent diplomatic developments include discussions between the US and Russia following a meeting in St. Petersburg between President Vladimir Putin and US special envoy Steve Witkoff. The Kremlin stated that both governments are reviewing economic proposals and major projects as part of broader negotiations to end the war in Ukraine. To facilitate these potential transactions, the US Treasury has extended the authorization for negotiations over the sale of Lukoil’s foreign assets until November 21. ## Claims - The preliminary agreement between Lukoil and Carlyle expired at the end of July 2026. (disputed by 2 sources) - A general license for negotiating Lukoil transactions extends until October 22, 2026. (disputed) - Negotiations between the Trump administration and Russia regarding the war in Ukraine have expanded to include a multi-billion dollar deal involving Lukoil assets. (corroborated by 27 sources) - The proposed deal involves the sale of Lukoil’s international assets, including oil fields, refineries, and gas stations. (corroborated by 27 sources) - Lukoil previously valued its international assets at approximately $20 billion. (corroborated by 27 sources) - Vladimir Putin proposed the sale during a meeting with Steve Witkoff and Jared Kushner at the Kremlin on September 5. (corroborated by 27 sources) - Potential buyers include American billionaire Todd Boehly, two Middle Eastern business groups with ties to Jared Kushner or the Witkoff family, and a U.S. government entity. (corroborated by 26 sources) - The U.S. Treasury Department must approve the transaction. (corroborated by 25 sources) - U.S. approval of the sale could release the specific Russian assets from American sanctions, increasing their value. (corroborated by 17 sources) - Todd Boehly has donated $2 million to political initiatives supporting President Trump. (corroborated by 15 sources) ## Timeline ### 2026-10-22: US extends deadline for Lukoil to negotiate international asset sale The US has extended the deadline for Lukoil to negotiate the sale of its international assets to November 21, 2026, though any final transaction still requires specific US Treasury approval. 4 sources. https://clstr.news/cluster/us-extends-deadline-for-lukoil-to-negotiate-international-asset-sale ### 2026-10-20: US and Russia discuss sanctioned Lukoil assets and energy deals Russia and the US are discussing the fate of Lukoil’s $22 billion in sanctioned foreign assets as part of broader economic negotiations to address the conflict in Ukraine. 2 sources. https://clstr.news/cluster/us-and-russia-discuss-sanctioned-lukoil-assets-and-energy-deals ### 2026-10-11: Carlyle withdraws from Lukoil international asset acquisition Carlyle Group has withdrawn from acquiring Lukoil’s $20 billion international assets due to lack of U.S. regulatory approval, clearing the way for a rival bid led by billionaire Todd Boehly. 4 sources. https://clstr.news/cluster/todd-boehly-leads-consortium-for-20-billion-lukoil-asset-acquisition ### 2026-10-10: Todd Boehly consortium targets $20B Lukoil international asset deal A consortium led by Todd Boehly, supported by the Trump administration, is seeking to acquire Lukoil's international assets, including refineries in Bulgaria, Romania, and the Netherlands, for $20 billion. 3 sources. https://clstr.news/cluster/todd-boehly-consortium-targets-20b-lukoil-international-asset-deal ### 2026-10-05: Lukoil assets: Putin proposes $20 billion sale to US envoys Vladimir Putin has proposed selling Lukoil's $20 billion international energy assets to US envoys to facilitate diplomatic talks, with a consortium led by Todd Boehly emerging as a potential buyer. 18 sources. https://clstr.news/cluster/lukoil-assets-putin-proposes-20b-sale-to-us-linked-investors ### 2026-10-03: Lukoil assets deal expands Trump-Russia peace negotiations Negotiations between the Trump administration and Russia have expanded to include a multi-billion dollar deal involving Lukoil’s international assets, potentially as part of peace talks for Ukraine. 101 sources. https://clstr.news/cluster/lukoil-oil-deal-emerges-in-us-russia-negotiations-over-ukraine ### 2026-09-28: Lukoil seeks to sell international assets following US sanctions Following US sanctions imposed in October 2025, Russian oil giant Lukoil has announced plans to sell its international assets to navigate restrictions on Western financial infrastructure. 2 sources. https://clstr.news/cluster/lukoil-seeks-to-sell-international-assets-following-us-sanctions ### 2026-09-21: Lukoil assets sale to Carlyle awaits US government approval The $20 billion sale of Lukoil's international assets to Carlyle awaits final US government approval, involving key refineries in Bulgaria, Romania, and the Netherlands. 9 sources. https://clstr.news/cluster/carlisle-groups-20b-lukoil-asset-deal-awaits-us-approval --- Cite as: Lukoil international asset divestment. CLSTR, https://clstr.news/situations/lukoil-international-asset-divestment