A consortium led by the American entrepreneur Todd Bowley is preparing a deal for the purchase of Lukoil's foreign assets. This was reported by Reuters citing sources. The deal may close in a few weeks. According to the agency, an unknown bank acting on behalf of the consortium purchased frozen Lukoil securities from Western investors for about 30 cents on the dollar in order to exchange them for the company's foreign assets. The consortium, in particular, includes Emirati investors, Syrian-Qatari businessmen and the International Development Finance Corporation (DFC). On October 21, the US Treasury Department extended until November 21 the validity of the license, which exempts negotiations on the sale of foreign assets of the Russian oil company Lukoil from US sanctions.

A consortium led by the American entrepreneur Todd Bowley is preparing a deal for the purchase of Lukoil's foreign assets. This was reported by Reuters citing sources. The deal may close in a few weeks. According to the agency, an unknown bank acting on behalf of the consortium purchased frozen Lukoil securities from Western investors for about 30 cents on the dollar in order to exchange them for the company's foreign assets. The consortium, in particular, includes Emirati investors, Syrian-Qatari businessmen and the International Development Finance Corporation (DFC). On October 21, the US Treasury Department extended until November 21 the validity of the license, which exempts negotiations on the sale of foreign assets of the Russian oil company Lukoil from US sanctions.