Overview
- Reuters, citing sources and corporate data, reports Fedun disposed of about a 10% holding earlier in 2025.
- Market-based calculations put the stake’s value at roughly $7 billion, though the actual sale price was not confirmed.
- Representatives for Fedun and Lukoil declined to comment on the transaction details.
- The U.S. Treasury sanctioned Lukoil and Rosneft on October 22, and Lukoil said on October 27 it would sell foreign assets under an OFAC winding‑down license.
- Reuters has reported expectations that foreign buyers will seek discounted overseas assets and estimated a November drop of about 520 billion rubles in Russia’s oil and gas revenues, or roughly 35% year over year.