Carlyle Group Strikes Deal to Acquire Lukoil's Foreign Assets Amid Sanctions

U.S. private equity firm Carlyle Group plans to purchase Lukoil's foreign assets, initially valued at $22 billion, due to U.S. sanctions. The sale, pending U.S. approval, seeks to ensure stability and job preservation. Talks involve various international interests amid intensified negotiations for a resolution of the Ukraine conflict.

The Carlyle Group, a prominent U.S. private equity firm, has agreed to purchase most of Lukoil's foreign assets. Initially valued by analysts at $22 billion, the sale comes as a result of U.S. sanctions against Russia's second-largest oil company.

The decision, announced on Thursday, coincides with ongoing negotiations between Russian, Ukrainian, and U.S. officials aiming to resolve the conflict in Ukraine. The Carlyle Group has pledged to maintain operational continuity and safeguard jobs while stabilizing the company's asset base.

The sale, which requires sanction approval from the Office of Foreign Assets Control, is still under review for valuation. Carlyle, along with other potential buyers, is required to navigate U.S. regulatory scrutiny amidst geopolitical tensions.