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Lukoil’s Trading Arm Looks to Revive U.S. Business ...Middle East
Litasco, the international oil trading and shipping firm owned by Russian oil company Lukoil, is looking to rebuild its business in the Americas by arranging credit lines and distancing itself from Russian oil trades and its parent, sources close to Litasco have told Reuters. Litasco and Lukoil have not been sanctioned by the United States as part of the wide-ranging sanctions on Russian energy companies. The U.S. and its Western allies are looking to stifle Vladimir Putin’s revenues from energy exports—Moscow’s single most important…
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