🔗 Share this article Asset Liquidation of Russian Oil Giant Holdings Before US Sanctions Kick In Overseas refining facilities and other assets of Russia-based firm Lukoil are appealing to prospective purchasers as time runs out to secure bargain purchases before US sanctions come into force on 21 November. International Liquidation Efforts The Kazakh national company KazMunayGas is evaluating an offer for Lukoil's holdings within Kazakhstan, according to industry experts. Shell has shown willingness in Lukoil's offshore holdings in Ghana and Nigeria, industry observers stated. Government Takeovers Moldovan authorities has started talks to nationalise Lukoil's infrastructure at Moldova's main air terminal. The Bulgarian government is attempting seizing and reselling Lukoil's Black Sea facility, although national leadership have requested legal changes to the legislation. Within Egypt, Lukoil has indicated to the authorities its potential intentions to divest completely, according to sources. Business Conundrum The corporation encounters either divesting holdings and having the funds possibly confiscated, or their takeover by international governments if it fails to divest. Industry experts indicate Lukoil may try to emulate Russian oil firm Rosneft, whose European operations were put under external management in 2022. War Situation Moscow's forces overran several communities in the southern Ukrainian territory of the war zone. Dense fog enabled Moscow's army to advance into defensive lines, with Ukrainian units engaged in intense fighting to defend their positions. Civilian Suffering At Huliaipole, where the situation had worsened significantly, elderly residents described perilous situations. Aerial dangers made life too dangerous Medicine shortages affected vulnerable populations Limited access to water worsened the situation Official Statements Kyiv mayor Vitaly Klitschko has called for the country to boost its fighting numbers by adjusting the threshold of draft eligibility. Global leaders have addressed the power industry corruption in Ukraine, describing it as particularly troubling and highlighting the necessity for comprehensive response. Ministerial Dismissals Ukrainian president Volodymyr Zelenskyy has acted to address growing public outrage by removing government officials suspected of participation in a large-scale bribery scheme. Government officials also called for individual restrictions against the alleged organiser of the scheme, who allegedly escaped overseas before authorities could perform a search operation.