Lukoil is not state-owned
Large Russian corporation calls for end of war
3/3/2022, 9:38 p.m
Unlike Rosneft and Gazprom, Lukoil is a private oil company and not state-owned. As one of the first large companies in Russia, the company is apparently in favor of an end to the fighting in Ukraine.
Oil company Lukoil was one of the first major Russian companies to call for an immediate end to the fighting in Ukraine. The Board of Directors “expresses its concern at the ongoing tragic events in Ukraine and its deepest sympathy for all those affected by this tragedy,” the company said. “We are committed to the immediate end to the armed conflict and fully support its resolution through the negotiation process and diplomatic means,” it said. The Russian war of aggression in Ukraine began on February 24. According to the news agency Reuters Lukoil published the text on the company’s website, which is currently unavailable.
Lukoil stressed that it will continue its efforts “to provide consumers around the world with reliable energy” and that it is “committed to strengthening peace, international relations and humanitarian ties”. Unlike other important Russian energy companies such as Rosneft and Gazprom, Lukoil is not a state-owned company. Loud “Forbes” list for fiscal year 2020, Lukoil is Russia’s second largest company after Gazprom with sales of $71.8 billion.
Prominent Russian businessmen outside the country have expressed concern about the economic impact of the invasion, but Lukoil’s statement is among the first such statements by a major domestic company. Because of the Russian war of aggression in Ukraine, the West has imposed unprecedented sanctions on Moscow, which, among other things, caused the Russian ruble to plummet.
Lukoil is also affected, on Thursday the London Stock Exchange stopped trading in the shares of 27 companies with strong ties to Russia, such as the “Guardians” reported. According to the corresponding announcement, the reason for this is the “market conditions”, the stock exchange sees this as a measure “to maintain orderly markets”. In addition to Lukoil, the suspended companies also include Gazprom, Rosneft and Sberbank.