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Xtellus Partners

Xtellus Partners

Financial advisory and investment firm

Appears in 1 story

Stories

US sanctions force Lukoil into a $22 billion global fire sale

Money Moves

Proposing a swap structure to turn frozen Lukoil shares into overseas assets

First the US froze Lukoil’s assets. Now it’s effectively forcing Russia’s biggest private oil company to auction off its global business. A fresh Treasury waiver gives buyers until January 17, 2026 to lock in deals for oilfields, refineries and thousands of gas stations worth about $22 billion.

Updated Dec 11, 2025