Overview

• Vladimir Nekrasov, the chairman of Lukoil, Russia's second-largest oil company, died suddenly at age 66 apparently due to acute heart failure.
• Nekrasov, who had worked for almost 50 years in the oil and gas industry, held positions as Lukoil’s first vice president and an adviser to the company’s president.
• Nekrasov's death is the third among Lukoil's senior executives since the beginning of the war in Ukraine around 20 months ago.
• Notably, Lukoil, which produces more than 2% of the world’s crude oil and employs more than 100,000 people, had publicly opposed the invasion of Ukraine in March 2022, calling for 'the soonest termination of the armed conflict.'
• Several prominent Russian businessmen, primarily those with ties to the energy industry, have also died under unclear circumstances in the months following the onset of the war in Ukraine.