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Russian energy giant Lukoil will sell its foreign assets after U.S. sanctions, saying restrictions forced it to exit international operations. A former executive said revenues and profits could fall about 30% as the firm offloads three refineries and roughly half of its 5,000 petrol stations worldwide. The U.S. also blacklisted Rosneft, with OFAC setting a Nov. 21 deadline to wind down abroad; Lukoil pledged compliance and may seek an extension. The curbs would compel sales in Europe and halt oil deliveries there. While many EU leaders back the move, Hungary seeks leeway; Viktor Orbán plans a U.S. visit.

Prepared by Christopher Adams and reviewed by editorial team.