LUKOIL co-founder Fedun is divesting $7 billion in Russian assets.
Reuters indicates that LUKOIL’s co-founder, Leonid Fedun, has offloaded his share in the Russian organization for about $7 billion, according to three informants and business figures.
The piece states Leonid Fedun transferred his near 10% ownership back to LUKOIL at the start of 2025. Nonetheless, it is still uncertain if the entrepreneur obtained the anticipated sum for the disposed holdings.
One informant suggests that the past leading LUKOIL executive, as a Monaco resident, opted to relinquish his Russian holdings.
