Moldova's Approach to Russian Oil Giant Lukoil

Moldova's energy minister, Durin Junghietu, clarified that there are no plans to nationalize assets of the Moldovan affiliate of Russian oil company Lukoil. Instead, the state's property agency is negotiating to purchase Lukoil's airport infrastructure in Chisinau.

Moldova has confirmed it is not contemplating the nationalization of assets belonging to the Moldovan branch of sanctioned Russian oil giant Lukoil. This announcement was made by the country's energy minister, Durin Junghietu, during a television interview on Tuesday.

Junghietu revealed that negotiations are underway between Moldova's state property agency, currently in possession of Chisinau's airport, and Lukoil-Moldova. The discussions focus on the potential acquisition of the affiliate's infrastructure at the airport.

This strategy signals a diplomatic approach by Moldova, emphasizing negotiation over expropriation amidst the challenging context of international sanctions impacting Russian businesses abroad.

(With inputs from agencies.)