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Russian oil firm’s multibillion-dollar assets overseas at risk as US sanctions begin to bite

todayNovember 10, 2025

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The Iraqi government says it can no longer work with Russian oil company Lukoil – which has a huge stake in the country’s oil fields – because of recently imposed US sanctions against the company.

 The Iraqi government says it can no longer work with Russian oil company Lukoil – which has a huge stake in the country’s oil fields – because of recently imposed US sanctions against the company. Read More Breaking News, Latest News and Videos | CNN 

Written by: Energy 90.5

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