A majority of ownership in a proposed multibillion-dollar deal would go to a group of Middle Eastern investors, including some with business ties to U.S. negotiators.
A Lukoil refinery near Burgas, Bulgaria. Once the sale of the Lukoil international assets is complete, the buyers plan to expand and retrofit different parts of its operations in Bulgaria and Romania.
A proposal to bolster relations with the Kremlin through the purchase of Russian energy assets is striking even for an administration that regularly mixes personal business interests with foreign policy.
President Vladimir V. Putin brought up a sale of Russian energy assets with President Trump’s envoys, Jared Kushner and Steve Witkoff, pushing a deal that raises new questions about conflicts of interest.
The negotiations about the Lukoil deal show that personal business interests in President Trump’s inner circle are also in play. Lukoil is Russia’s biggest private oil company.
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