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.
The U.S. Office of Foreign Assets Control (OFAC) has announced a significant extension of the deadline for finalizing the sale of Lukoil's assets from February 28 to April 1. This decision was communicated by Reuters and highlights the U.S. strategy to use sanctions as leverage in the ongoing conflict between Russia and Ukraine. The approval from OFAC is crucial for lifting sanctions on various sectors, including oil fields, overseas refineries, gas stations, storage facilities, and trading companies related to Lukoil. By extending the deadline, U.S. authorities aim to put pressure on Russia to reach a peace agreement with Ukraine, indicating a vital link between economic sanctions and diplomatic negotiations.
