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Reflecting growing animosity across the United States toward Russia after its invasion of Ukraine, lawmakers in New Jersey’s largest city have voted to suspend the licenses of gas stations branded with the name of a major oil company based in Moscow. The Newark City Council passed a resolution 8-0 on Wednesday urging the city to […]

Lukoil''s website goes down after board of Russian oil giant speaks out against Ukraine invasion

Vagit Alekperov, the owner of Russia''s second-largest oil company Lukoil, has called on Russian President Vladimir Putin to put an end to the invasion of

Lukoil PJSC, Russia’s second-largest oil producer, has called for a “fast resolution of the military conflict” in Ukraine as the Russian invasion of its neighbor has entered its second week.

Becoming one of the first major domestic firms to speak out against Moscow''s invasion, oil company says it ''fully supports resolution through negotiations and diplomatic means''

Reflecting growing animosity across the United States toward Russia after its invasion of Ukraine, lawmakers in New Jersey's largest city have voted to suspend the licenses of gas stations branded wit

Russia''s Lukoil, the country''s second largest oil producer, called March 3 for an end to the conflict in Ukraine, expressing its "deepest sympathy" to those affected and saying it was making "every ef

Read more about Russian oil producer Lukoil calls for ending of conflict in Ukraine as soon as possible on Devdiscourse

MOSCOW — Russia’s second-largest oil producer Lukoil called on Thursday for the ending of the conflict in Ukraine as soon as possible. In a statement on its website, the company said it was concerned by the “tragic events in Ukraine” and supported the negotiations to end the conflict. Lukoil is majority owned by its head, […]

By Anna Ringstrom, Tassilo Hummel and Gwladys Fouche (Reuters) - French bank Societe Generale said it was working to cut its risks in Russia, fearing a tit-for-tat response by Moscow to Western sanctions, as more companies from vodka maker Diageo to IKEA suspended business in the country. Brazilian plane-maker Embraer joined Airbus and Boeing in halting parts supplies to Russian airlines, while Lufthansa said it was considering rerouting cargo flights to Asia via Alaska to avoid Russian airspace. "The war has both a huge human impact and is resulting in serious disruptions to supply chain and trading conditions, which is why the company groups have decided to temporarily pause IKEA operations in Russia," IKEA said in a statement. Broadening the spread of corporate responses, IKEA is also one of the first companies to halt business with Belarus, an ally of Russia that has played a supporting role in its invasion of Ukraine. Spirits company Diageo, the maker of Smirnoff vodka and Guinness, said on Thursday said it had paused exports to Ukraine and Russia.

US markets were essentially flat in premarket trading while oil prices continued to climb as Russian forces bombarded Ukraine''s second-largest city and besieged two ports. The economic fallout from the Russian invasion expanded, with Fitch Ratings and Moody''s Ratings cutting Russia''s credit rating. They said the invasion and Western sanctions have hurt Moscow''s ability to repay debts and raised risks for the economy and stability. On Wall Street, futures for the S&P 500 and the Dow Jones Industrial Average wavered between slight gains and losses a couple of hours before the market opens in New York. In early trading, the FTSE 100 in London and Frankfurt''s DAX each lost 0.6 per cent while the CAC in Paris slipped 0.2 per cent. The London Stock Exchange said it had suspended trading in shares of 27 companies with links to Russia, including some of the biggest in energy and steel, such as Lukoil, Gazprom, Sberbank, Rosneft and Magnitogorsk Iron & Steel Works. In a notice, the …

Russia''s "Toxic" Stocks Cut By LSE, MSCI As Western Sanctions Hit Hard Russia''s financial connections with the rest of the world are getting severed by western sanctions. Since Monday, Moscow has kept its stock market closed, the longest closure since the 1998 Russian financial crisis, as offshore markets for Russian Global Depositary Receipts (GDRs) have been hammered. On Thursday, the London Stock Exchange (LSE) announced that trading for 27 companies with strong ties to Russia had been suspended hours after MSCI Inc. deleted Russian stocks from its widely-followed indices, according to Financial Times . LSE suspended trading for En+, Sberbank, Gazprom, Lukoil, Polyus, among a couple of dozen others. It said the move was due to "events in Ukraine, in light of market conditions, and in order to maintain orderly markets." Another index provider, MSCI, said market participants view the Russian market as "uninvestable" and will remove Russian securities from emerging market indexes effective on March 9.

Giants of Russia''s heavy industry, including Gazprom, Lukoil, and Norilsk Nickel, were frozen on the market in accordance with sanctions, the LSE said.

Energy and banking giants Gazprom and Sberbank plus EN+, Lukoil and Polyus among firms

(Reuters) – The London Stock Exchange said on Thursday it had suspended with immediate effect the trading of global depository receipts (GDRs) of several Russia-based companies including Rosneft, Sberbank of Russia, Gazprom, En+ and Lukoil.