🔗 Share this article Forced Divestment of Russian Oil Giant Assets Before US Sanctions Kick In International oil refineries and additional holdings of Russian firm Lukoil are appealing to prospective purchasers as the deadline approaches to strike cheap deals before American restrictions come into force on 21 November. Global Liquidation Efforts Kazakhstan's national company KazMunayGas is evaluating an offer for Lukoil's Kazakh operations, according to sources familiar with the matter. Energy giant Shell has expressed interest in Lukoil's offshore holdings in West African nations, multiple sources reported. State Acquisition Moldovan authorities has begun negotiations to acquire Lukoil's facilities at Moldova's main air terminal. Bulgaria is pursuing confiscating and liquidating Lukoil's Bulgarian oil plant, although the country's president have requested legal changes to the legislation. Within Egypt, Lukoil has suggested to the administration its potential intentions to sell out, according to insiders. Corporate Challenge The corporation encounters either divesting holdings and having the proceeds potentially seized, or acquisition by foreign states if it refuses to liquidate. Industry experts indicate Lukoil may try to emulate energy company Rosneft, whose three German refineries were put under external management in 2022. Military Developments Invading troops overran three settlements in the occupied zones of the conflict area. Weather conditions enabled Moscow's army to advance into defensive lines, with Kyiv's troops engaged in ferocious combat to defend their positions. Humanitarian Crisis At Huliaipole, where the situation had worsened significantly, senior citizens described perilous situations. Unmanned aircraft created unbearable risks Medical supply deficits harmed the sick and elderly Limited access to water compounded the crisis Government Reactions City leader the former boxer has advocated Ukraine to expand armed forces by reducing the minimum age of conscription. Foreign officials have remarked about the fuel sector misconduct in Ukraine, describing it as particularly troubling and highlighting the importance for serious attention. Government Reshuffle Head of state the country's leader has acted to address escalating popular discontent by dismissing cabinet members suspected of participation in a major graft operation. Government officials also demanded targeted measures against the alleged organiser of the scheme, who purportedly left the country before law enforcement could conduct a property inspection.