Gunvor's Lukoil Deal Blocked by US, Withdraws Offer

Gunvor withdraws Lukoil bid after U.S. Treasurys stern rejection, citing misinformation. Despite disagreement, Gunvor pulls offer for Lukoils international assets following U.S. Treasurys statement that the deal would never be approved due to Russias ongoing war crimes. Lukoil, with European holdings including refineries and petrol stations, had accepted Gunvors offer, but the deal hinged on U.S. approval. Gunvor, co-founded by Swedish billionaire and Putin ally, aims to clarify misunderstandings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.