US Fund Carlyle Eyes Assets of Sanctioned Russian Firm Lukoil

The American private equity giant Carlyle Group is evaluating the purchase of international assets belonging to the sanctioned Russian oil company Lukoil. Because Lukoil is under US sanctions due to the war in Ukraine, Carlyle plans to apply for a special license from the US government (specifically OFAC) to conduct due diligence and potentially finalize … Continue reading US Fund Carlyle Eyes Assets of Sanctioned Russian Firm Lukoil