Lukoil assets are acquired through exchange. A consortium of international investors led by the American billionaire Todd Boali intends to take over the foreign assets of PJSC Lukoil. The deal will be structured in the format of a non-cash exchange for frozen securities of a Russian company and may close within a few weeks, Reuters reports, citing sources with knowledge of the matter. The consortium's chartered bank has already accumulated billions of dollars worth of blocked Lukoil securities. Assets were purchased from about ten American and British investment funds, including Capital Group, depository banks representing the interests of retail investors. Transactions were carried out at a deep discount due to sanctions risks. After that, these securities are planned to be exchanged for Lukoil's international business. The US Treasury previously blocked a similar proposal from another investor group, pointing out that the Russian oil company should not receive financial benefits in the form of cash or stock. To remove the regulator's claims, Boali's consortium proposed sending the purchased securities not to Lukoil itself, but to an escrow account controlled by an independent third party.