🔗 Share this article Fire Sale of Lukoil Assets Before US Sanctions Kick In Overseas oil refineries and other assets of Russia-based firm Lukoil are appealing to prospective purchasers as time runs out to strike cheap deals before US sanctions come into force on November 21st. Global Asset Sales The Kazakh state firm KazMunayGas is evaluating an offer for Lukoil's Kazakh operations, according to sources familiar with the matter. Shell has demonstrated curiosity in Lukoil's offshore holdings in Ghana and Nigeria, various insiders reported. State Acquisition Moldovan authorities has started talks to nationalise Lukoil's facilities at Chisinau airport. Bulgaria is pursuing seizing and reselling Lukoil's Bulgarian oil plant, although the country's president have requested legal changes to the proposed law. In Egypt, Lukoil has signaled to the government its consideration to divest completely, according to sources. Strategic Dilemma The company confronts either divesting holdings and having the proceeds potentially seized, or their takeover by foreign states if it refuses to liquidate. Energy analysts propose Lukoil may try to follow Russian oil firm Rosneft, whose facilities in Germany were put under temporary control in 2022. Conflict Updates The Russian army overran three settlements in the Zaporizhzhia region of the conflict area. Weather conditions enabled Moscow's army to penetrate defensive lines, with defending forces engaged in intense fighting to repel the Russian thrust. Civilian Suffering At Huliaipole, where the conditions deteriorated dramatically, aging population described dangerous circumstances. Unmanned aircraft created unbearable risks Medicine shortages affected vulnerable populations Limited access to water worsened the situation Government Reactions City leader the former boxer has called for Ukraine to increase military personnel by lowering the age of military service. Global leaders have addressed the fuel sector misconduct in Ukraine, describing it as deeply concerning and emphasizing the importance for immediate action. Leadership Changes Ukrainian president the administration has acted to address escalating popular discontent by dismissing cabinet members suspected of participation in a extensive corruption network. National leadership also demanded individual restrictions against the accused coordinator of the operation, who reportedly fled abroad before law enforcement could conduct a search operation.