China and India cut purchases after U.S. sanctions on Lukoil and Rosneft. Urals price is now at $36.61 per barrel. Lukoil can’t sell its foreign assets. A $22B portfolio risks a 50-70% write-off after the U.S. blocked Gunvor. 2/
China and India cut purchases after U.S. sanctions on Lukoil and Rosneft. Urals price is now at $36.61 per barrel. Lukoil can’t sell its foreign assets. A $22B portfolio risks a 50-70% write-off after the U.S. blocked Gunvor. 2/
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