Vagit Alekperov argues that the decision to sell Litasco is not connected with anti-Russian sanctions and the company considers the optimization of all foreign assets.
The sale of Litasco may take place before the end of 2017; this will be the first step towards the sale of all foreign assets of the company. Lukoil is studying the possibilities of selling its Swiss oil trader Litasco due to sanctions that complicate the attraction of new funds.
Lukoil reduced its oil production in Russia by 10%. Vagit Alekperov and Leonid Fedun withdraw their Russian assets to the US and plan to move overseas.