COGNICURRENT

Lukoil announced a net loss of 1.059 trillion rubles for 2025 due to the write-off of lost foreign assets, a stark contrast to the previous year's profits.

Russia's Lukoil estimates losses of approximately US$24 billion from the disposal of its foreign assets following sanctions imposed by the U.S.

An Iranian deputy foreign minister has condemned the US, Israel, and Australia for their actions in the Middle East, threatening that Australia's military assets could become targets.

Iran continues its aggressive military campaign in response to U.S. and Israeli strikes, targeting both U.S. assets and civilian infrastructure in the Persian Gulf region.

The UAE is contemplating freezing billions of dollars in Iranian assets, a move that could severely limit Tehran's access to foreign currency amid ongoing military conflict and inflation issues.

The article examines Russian state-owned properties in Latvia, highlighting the complexities and challenges of managing these assets amidst geopolitical tensions.

The Bank of Korea has announced its participation in the BIS Climate Response Corporate Bond Fund, investing a portion of its foreign assets to support climate crisis responses and low-carbon economic transitions.

Ukrainian Foreign Minister Andrii Sybiha praised Belgium for seizing a Russian shadow fleet tanker and called on other nations to take similar actions against Russian assets.

The U.S. Office of Foreign Assets Control has extended the deadline for finalizing Lukoil's asset sale to April 1, urging Russia to negotiate a peace agreement with Ukraine.

Germany's Foreign Minister stated that discussions regarding seizing frozen Russian assets to assist Ukraine have concluded, indicating a shift in the EU's stance on the matter.

EU foreign affairs representative Kaja Kallas discussed the possibility of tapping into frozen Russian assets to support Ukraine amid Hungary's veto of sanctions against Russia.

Hyundai Motor has lost the right to repurchase its former factory in Russia after failing to act before the January deadline, following the suspension of its operations due to the war in Ukraine.

The Carlyle Group has reached an agreement to purchase the majority of Lukoil's foreign assets following U.S. sanctions against the Russian oil producer.

The USA has once again extended the deadline for negotiations on the sale of Russian oil giant Lukoil's foreign assets, now allowing companies until the end of February to prepare contracts.

The Russian dictator has confiscated the assets of two foreign companies, including one with Polish capital, handing them over to obscure Russian firms with undisclosed shareholders and management.

Repsol is negotiating with the U.S. regarding debt collection related to sanctions on foreign operator assets, amid a volatile situation following the kidnapping of Venezuela's President Nicolás Maduro.

The U.S. Office of Foreign Assets Control (OFAC) has granted JANAF a license to continue oil transport to Serbia's Naftna industrija Srbije (NIS) until January 23, 2026, exclusively allowing non-Russian oil supply.

The Israeli government expresses satisfaction over Italy's operation that resulted in the arrest of nine individuals and the seizure of over eight million euros in assets believed to be linked to Hamas funding, with Israeli Foreign Minister Gideon Saar showing appreciation through social media.