Lukoil North America, the US arm of sanctioned Russian oil giant Lukoil PJSC, is relying on two small New Jersey banks to keep its gas stations afloat after losing financing.
Lukoil North America, the US arm of sanctioned Russian oil giant Lukoil PJSC, is relying on two small New Jersey banks to keep its gas stations afloat after losing financing.
A Lukoil PJSC logo sign at a gas station in Bucharest, Romania, on Wednesday Oct. 29, 2025. Russian energy giant Lukoil said it’s talking to bidders about its international energy assets, with days to go before US sanctions against the company are due to begin on Nov. 21. Photographer: Ioana Moldovan/Bloomberg
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