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BUENOS AIRES, Dec. 19 (UPI) — Argentina has formally created the Secretariat of Nuclear Affairs, a significant structural shift in the country’s national energy strategy under President Javier Milei, aimed at positioning Argentina as a global energy leader and attracting large-scale investment.

In announcing the move, the government highlighted the country’s strengths for developing a nuclear plan, including its pool of highly trained human capital and vast, low-temperature lands in Patagonia seen as suitable for hosting artificial intelligence data centers. These advantages, officials said, allow for a combination of clean nuclear energy and cutting-edge technology.

The plan will roll out in stages. The first phase involves building small modular reactors, or SMRs, at the Atucha Nuclear Power Plant site, already underway, to ensure nationwide energy supply and reduce power outages.

SMRs produce stable and low-cost electricity, making them well-suited to power AI data centers, and would position Argentina as a regional hub for digital innovation and nuclear energy exports.

In the second phase, the government plans to develop uranium reserves to meet domestic demand and turn Argentina into an exporter of high-value nuclear fuels.

The Economy Ministry summed up the strategy in a recent statement, saying the government aims to “turn Argentina into the ‘Saudi Arabia of uranium.'”

This ambitious goal is based on the country’s uranium reserves, estimated at 36,483 tons identified and concentrated in provinces such as Mendoza, San Juan and Chubut, according to a report by the National Mining Secretariat.

Those reserves could generate significant export volumes and position Argentina as a key supplier in a growing global market driven by the energy transition.

However, physicist Alberto Baruj urged caution.

“Argentina has enough uranium for its reactors for decades. It does not have the extraordinary reserves found in other countries. Talking about being the Saudi Arabia of uranium is an exaggeration that I cannot support from a technical standpoint,” Baruj told UPI.

Baruj said Argentina could export uranium, thanks to its processing capacity. However, “it makes no sense to do so with raw ore. It would be far more convenient to process it for use in domestic reactors, including small modular reactors such as the domestically designed CAREM.”

The new nuclear institutional framework will also be tasked with leading policy on the exploitation of rare earth elements, minerals critical for batteries, cellphones and green technology, as well as nuclear minerals, in coordination with other government agencies.

It will promote collaboration among mining companies, provincial governments and private actors to increase production of these resources and drive investment, working alongside the Mining Secretariat to advance nuclear mining projects, material processing and technological applications.

“The Secretariat of Nuclear Affairs is taking on roles that previously belonged to the National Atomic Energy Commission, which blurs the agency’s place within the institutional structure,” a respected nuclear sector source who requested anonymity told UPI.

In their view, amid a budget crisis at the commission, the creation of a new body “further endangers what has historically been the center of Argentina’s nuclear activity. The inclusion of rare earth exploitation comes as a surprise within a nuclear affairs secretariat.”

Baruj also questioned the need for the new agency, saying its stated purpose, coordinating the nuclear sector, already falls by law under the National Atomic Energy Commission.

“It is possible that with the creation of the Secretariat, the government is seeking greater political control over the sector,” Baruj said. But, he added, creating a new secretariat is unnecessary if each institution fulfilled its assigned role.

“The massive loss of technical personnel with extraordinary capabilities must be reversed. But above all, the salary issue must be resolved, because the commission pays the lowest wages in the entire science and technology sector,” he said.

Baruj said the priority should be to ensure continuity of key projects such as completion of the RA-10 multipurpose reactor, its associated neutron beam laboratory, the CEARP Proton Therapy Center and the heavy water industrial plant.

“Argentina’s nuclear sector has sufficient capacity and depth to take on and carry out these projects. What is lacking, precisely, is political will,” he said.Based o

Singapore has reported a growing number of “rogue” or “shadow fleet” tankers operating off its shores in and around one of the world’s busiest maritime corridors.

According to Lloyd’s List Intelligence data cited by international maritime authorities, at least 27 such ships transited the Singapore Strait in early December, with another 130 clustered nearby around Indonesia’s Riau Archipelago.

While traffic through the strait remains dense and appears outwardly routine – more than 80,000 vessels pass through it each year – ship-spotters and analysts say the profile of some of the ships using these waters has recently changed.

Why are so many ‘rogue’ tankers appearing near Singapore?

Conflict in Ukraine and the Middle East has sparked a surge in Western sanctions on oil exports from countries such as Russia and Iran. The European Commission and the United States Trump administration have both recently renewed or extended sanctions against Venezuelan oil, as well.

As a result, a parallel, unofficial maritime network has emerged to keep sanctioned oil moving.

The Singapore Strait is a vital artery for global maritime trade, carrying about one-third of the world’s traded goods at some point along their journeys. For tankers at sea, it is almost unavoidable – the strait is a natural gateway between the Indian Ocean and the South China Sea, also a busy trade artery.

The Maritime and Port Authority monitors vessel movements within Singaporean waters. But international law limits what action it can take once ships move into the high seas – in effect, international waters – allowing shadow fleets to thrive in regulatory grey zones.

In recent weeks, suspect shipping activity has been noted just beyond Singapore’s territorial waters – roughly 22.2 kilometres from its coast – in international waters, just outside of the city state’s law enforcement reach.

What are ‘shadow fleets’ and how do they avoid sanctions?

As a result of record sanctions by Western governments in recent years over Russia’s war in Ukraine, Iran’s nuclear programme and, most recently, United States President Donald Trump’s campaign against Venezuela, the number of falsely flagged ships globally has more than doubled this year to more than 450, most of them tankers, according to the International Maritime Organization database.

All vessels at sea are required to fly a flag showing the legal jurisdiction governing their operations in international waters. The body which grants ship nationalities is the UN Convention on the Law of the Sea (UNCLOS).

A shadow ship, or “ghost” ship, is typically an ageing vessel with obscure ownership. These vessels frequently change flags – for instance, when the US seized the tanker, Skipper, off the coast of Venezuela earlier this month, the government of Guyana, Venezuela’s neighbour, said it was “falsely flying the Guyana flag”, and clarified that it was not registered in the country.

Operators of shadow ships also falsify registration details, broadcast false geo-location codes, or even switch off tracking systems altogether to evade detection and skirt UNCLOS laws.

These vessels typically carry sanctioned oil and other restricted goods such as military equipment. They often conduct risky ship-to-ship transfers of cargo under the cover of night to avoid detection. This can create serious safety and environmental risks.

Additionally, most of the tankers are owned by shell companies in jurisdictions such as Dubai, where rapid buying and selling by anonymous or newly formed firms can take place, making it even harder to trace their origins.

Jennifer Parker, a specialist in maritime law at Australia’s University of New South Wales, said the increasing number of shadow fleets presents a “real challenge”.

Parker told Al Jazeera that “finding out who owns them and who insures them has been incredibly difficult because of the [murky] paper trail around them”.

She added that “often they would do what is called bunkering, which is the process of transferring fuel at sea between ships. So that makes it hard to track where that ship has actually come from and where that oil has come from.”

She added: “Sometimes, what they do is actually mix oil, so you will have a legitimate ship that will do a ship-to-ship transfer at sea with a shadow fleet and they will mix the oil so it becomes hard to really trace where that oil has come from … to avoid sanctions.”

What sort of problems do these tankers cause?

When ageing, uninsured vessels are involved in accidents, it can lead to environmental disasters like oil spills.

According to Bunkerspot, a specialist maritime publication, a shadow tanker spill, which can cause enormous damage to water, wildlife and local coastlines, can cost up to $1.6bn in response and cleanup alone.

Last December, Russian authorities scrambled to contain an oil spill in the Kerch Strait caused by two 50-year-old tankers which had been damaged during a heavy weekend storm. The scale of the environmental damage and the associated cleanup costs remain unclear.

In addition to vessel collisions, they can cause environmental damage through chemical leaks and illegal waste dumping.

Who uses shadow fleets the most?

Russia is the primary beneficiary of ghost fleet trading. Moscow has largely maintained its oil exports despite Western sanctions, ensuring steady revenue for its war in Ukraine. Though not to the same extent, Iran and Venezuela also sell fossil fuels using ghost fleets.

China and India, currently the largest buyers of Russian crude, benefit from steep discounts, often purchasing oil well below the Western-imposed $60 per barrel price cap, which was imposed in December 2022 following Russia’s invasion of Ukraine.

Tracking by S&P Global and Ukrainian intelligence shows that Russia relied heavily on its shadow tanker fleet in 2025. India has been the main destination, importing about 5.4 million tonnes (or 55 percent of Russian crude oil sales via shadow tankers) between January and September.

China has taken a smaller but still significant share of about 15 percent. Overall, most Russian seaborne crude now moves outside Group of Seven (G7)-compliant shipping, underscoring the shadow fleet’s central role in this trade.

What actions have governments taken against shadow fleets?

To avoid enforcement of sanctions, many shadow tankers have moved out of major shipping lanes. In part, this is down to European authorities now requiring physical inspections during ship-to-ship transfers, making it riskier for these vessels to operate on conventional routes.

For instance, Denmark, Sweden, Poland, Finland and Estonia recently began carrying out insurance checks on tankers transiting the Gulf of Finland and the waters between Sweden and Denmark. This is aimed at ensuring compliance with 2022 sanctions on Russian oil.

Meanwhile, in July 2025, the United Kingdom imposed measures – such as restrictions on access to UK ports, insurance and financial services – on 135 shadow fleet vessels and two linked firms, aiming to reduce Russia’s shipping capacity and cut its energy earnings.

In the US, President Donald Trump has warned that comparable measures will follow if Russia refuses to agree to a ceasefire in Ukraine, raising the prospect of closer transatlantic coordination with the UK and Europe against shadow fleets.

Israeli Prime Minister Benjamin Netanyahu has announced ‘the largest gas deal in Israel’s history’, worth around $35 billion, with Egypt. Cairo has been a vocal critic of Israel’s genocide in Gaza, but experts say the country is facing an energy crisis.

Dec. 13 (UPI) — U.S. officials unsealed the warrant issued for the seizure of the shadow fleet oil tanker The Skipper, which the U.S. military seized in international waters earlier this week.

A federal magistrate judge with the U.S. District Court for the District of Columbia signed the seizure warrant on Nov. 26, which U.S. forces presented upon its seizure on Wednesday in the operation led by the Coast Guard.

“As the premier United States Attorney’s office leading efforts to intercept ghost vessels as well as sanctioned products, we remain committed to legally supporting President [Donald] Trump’s efforts to make the world a safer place,” U.S. Attorney Jeanine Pirro said in a news release on Friday.

Pirro called the tanker’s seizure an “enforcement action.”

The seizure led Cuban officials to denounce the action as an “act of piracy and maritime terrorism” that is a “serious violation of international law,” The Guardian reported.

“This action is part of the U.S. escalation aimed at hampering Venezuela’s legitimate right to freely use and trade its natural resources with other nations, including the supplies of hydrocarbons to Cuba,” officials with Cuba’s Foreign Ministry said Friday in a statement.

The tanker’s seizure negatively impacts Cuba and “intensifies the United States’ policy of maximum pressure and economic suffocation” against the island nation, the Cuban officials said.

The Skipper’s captain had listed its destination as Cuba’s port of Matanzas, but the vessel offloaded about 50,000 barrels of oil to another ship, which carried that oil to Cuba as The Skipper sailed east toward Asia, according to The New York Times.

About 80% of Venezuelan oil shipments go to China, but Venezuelan President Nicolas Maduro and former President Hugo Chavez have shipped oil to Cuba for decades.

In exchange for low-cost Venezuelan oil, Cuban officials provide security personnel for Maduro and thousands of medical staff and sports instructors to Venezuela.

Most of the oil sent to Cuba does not stay there and instead is sold to China to help fund the Cuban government, The Times reported.

The vessel is associated with Iran’s Islamic Revolutionary Guard Corps and is part of a shadow fleet affiliated with a Russian oligarch.

The vessel was sanctioned by the United States and flying a Guyana flag when it was seized, but Guyana government officials said they have no record of the vessel being registered there.

U.S. officials said they will keep the oil carried by the 1,092-foot tanker, which is being taken to Galveston, Texas.

United States President Donald Trump has said that the US has seized a sanctioned oil tanker close to the coast of Venezuela, in a move that has caused oil prices to spike and further escalates tensions with Caracas.

“We’ve just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever, actually, and other things are happening,” Trump said on Wednesday.

The Venezuelan government called the move an act of “international piracy”, and “blatant theft”.

This comes as the US expands its military operations in the region, where it has been carrying out air strikes on at least 21 suspected drug-trafficking vessels since September. The Trump administration has provided no evidence that these boats were carrying drugs, however.

Here is what we know about the seizure of the Venezuelan tanker:

What happened?

The US said it intercepted and seized a large oil tanker off the coast of Venezuela, marking the first operation of its kind in years.

The last comparable US military seizure of a foreign tanker occurred in 2014, when US Navy SEALs boarded the Morning Glory off Cyprus as Libyan rebels attempted to sell stolen crude oil.

The Trump administration did not identify the vessel or disclose the precise location of the operation.

However, Bloomberg reported that officials had described the ship as a “stateless vessel” and said it had been docked in Venezuela.

Soon after announcing the latest operation on Wednesday, US Attorney General Pam Bondi released a video showing two helicopters approaching a vessel and armed personnel in camouflage rappelling onto its deck.

“Today, the Federal Bureau of Investigation, Homeland Security Investigations and the United States Coast Guard, with support from the Department of War, executed a seizure warrant for a crude oil tanker used to transport sanctioned oil from Venezuela and Iran,” Bondi said.

She added that “for multiple years, the oil tanker has been sanctioned by the United States due to its involvement in an illicit oil-shipping network supporting foreign terrorist organisations”.

Today, the Federal Bureau of Investigation, Homeland Security Investigations, and the United States Coast Guard, with support from the Department of War, executed a seizure warrant for a crude oil tanker used to transport sanctioned oil from Venezuela and Iran. For multiple… pic.twitter.com/dNr0oAGl5x

— Attorney General Pamela Bondi (@AGPamBondi) December 10, 2025

Experts said the method of boarding demonstrated in the video is standard practice for US forces.

“The Navy, Coast Guard and special forces all have special training for this kind of mission, called visit, board, search, and seizure – or VBSS,” Mark Cancian, a retired Marine Corps colonel and senior adviser at the Center for Strategic and International Studies, told Al Jazeera.

“It is routine, especially for the Coast Guard. The government said it was a Coast Guard force doing the seizure, though the helicopter looks like a Navy SH-60S.”

Which vessel was seized?

According to a Reuters report, British maritime risk firm Vanguard identified the crude carrier Skipper as the vessel seized early Wednesday off Venezuela’s coast.

MarineTraffic lists the Skipper as a very large crude carrier measuring 333m (1,093 feet) in length and 60m (197 feet) in width.

The tanker was sanctioned in 2022 for allegedly helping to transport oil for the Lebanese armed group, Hezbollah, which is backed by Iran, and Iran’s Quds Force.

The Skipper departed Venezuela’s main oil terminal at Jose between December 4 and 5 after loading about 1.8 million barrels of Merey crude, a heavy, high-sulphur blend produced in Venezuela.

“I assume we’re going to keep the oil,” President Trump said on Wednesday.

Before the seizure, the tanker had transferred roughly 200,000 barrels near Curacao to the Panama-flagged Neptune 6, which was headed for Cuba, according to satellite data analysed by TankerTrackers.com.

According to shipping data from Venezuela’s state-owned oil and gas company Petroleos de Venezuela (PDVSA), the vessel also transported Venezuelan crude to Asia in 2021 and 2022.

Where did the seizure take place?

The US said it seized the oil tanker in the Caribbean Sea.

US officials have said the action occurred near Venezuelan territorial waters, though they have not provided precise coordinates.

MarineTraffic data shows the vessel’s tracker still located in the Caribbean.

Is the US action legal?

Cancian noted that “seizing sanctioned items is common inside a country’s own territory. It is unusual in international waters”.

He added: “Russia has hundreds of sanctioned tankers sailing today, but they have not been boarded.”

Experts say it is unclear whether the seizure was legal, partly because many details about it have not been made public.

Still, the US could make use of various arguments to justify the seizure if needs be.

One is that the boat is regarded as stateless. Under the UN Convention on the Law of the Sea (UNCLOS), ships need “a nationality”.

The government of Guyana, Venezuela’s neighbour, said the Skipper was “falsely flying the Guyana flag”, adding that it is not registered in the country.

If a vessel flies a flag it is not registered under, or refuses to show any flag at all, states have the “right of visit”, allowing their officials to stop and inspect the ship on the high seas – essentially meaning international waters.

If doubts about a ship’s nationality remain after checking its documents, a more extensive search can follow.

In previous enforcement actions against sanctioned ships, the US has seized not the ship itself but the oil on board. In 2020, it confiscated fuel from four tankers allegedly carrying Iranian oil to Venezuela.

US law also allows the Coast Guard, which carried out this operation, to conduct searches and seizures on the high seas in order to enforce US laws, stating that it “may make inquiries, examinations, inspections, searches, seizures, and arrests upon the high seas” to prevent and suppress violations.

But some legal experts argue that the US has overstepped, as it “has no jurisdiction to enforce unilateral sanctions on non-US persons outside its territory”, according to Francisco Rodriguez, a senior research fellow at the Center for Economic and Policy Research (CEPR).

Rodriguez said the US is relying on maritime rules for stateless vessels “as an entryway to justify enforcing US sanctions outside of US territory”.

“To the extent that the US is able to continue to do so, it could significantly increase the cost of doing business with Venezuela and precipitate a deepening of the country’s economic recession,” he warned in a CEPR article.

The US has no jurisdiction to enforce unilateral sanctions on non-US persons outside its territory. The seizure of ships in international waters to extraterritorially enforce US sanctions is a dangerous precedent and a violation of international law.

— Francisco Rodríguez (@frrodriguezc) December 10, 2025

How has Venezuela responded to the seizure?

Venezuela’s Foreign Ministry stated that “the true reasons for the prolonged aggression against Venezuela have finally been exposed”.

“It is not migration, it is not drug trafficking, it is not democracy, it is not human rights – it was always about our natural resources, our oil, our energy, the resources that belong exclusively to the Venezuelan people,” the statement said.

The ministry described the incident as an “act of piracy.”

The government added that it will appeal to “all” international bodies to denounce the incident and vowed to defend its sovereignty, natural resources, and national dignity with “absolute determination”.

“Venezuela will not allow any foreign power to attempt to take from the Venezuelan people what belongs to them by historical and constitutional right,” it said.

What are the potential consequences for Venezuela’s oil exports?

Experts say the seizure could produce short-term uncertainty for Venezuelan oil exports, largely because “this has been the first time [the United States has]… seized a shipment of Venezuelan oil”, Carlos Eduardo Pina, a Venezuelan political scientist, told Al Jazeera.

That may make shippers hesitate, though the broader impact is limited, Pina said, since “the US allows the Chevron company to continue extracting Venezuelan oil”, and US group Chevron holds a special waiver permitting it to produce and export crude despite wider sanctions.

Chevron, which operates joint ventures with PDVSA, said its operations in Venezuela remain normal and continue without disruption.

The US oil major, which is currently responsible for all Venezuelan crude exports to the US, increased shipments last month to 150,000 barrels per day (bopd), up from 128,000 bpd in October.

Inside Venezuela, Pina warned the move could spark financial panic, however: “It could instil fear, trigger a currency run… and worsen the humanitarian crisis.”

How will this affect US-Venezuela relations?

Diplomatically, Pina said he views the action as a political message to Venezuelan President Nicolas Maduro, noting its timing – “the same day that [opposition leader] Maria Corina Machado was awarded the Nobel Prize” – and calling it “a gesture of strength… to remind that [the US is present in the Latin American region].”

Maduro has long argued that the Trump administration’s strikes on boats in the Caribbean and eastern Pacific are not, in fact, aimed at preventing drug running, but are part of a plan to effect regime change in Venezuela. Trump has authorised CIA operations in Venezuela and has given conflicting messages about whether he would consider a land invasion.

Analysts see this latest action as part of a broader strategy to pressure the Maduro government.

“This is certainly an escalation designed to put additional pressure on the Maduro regime, causing it to fracture internally or convincing Maduro to leave,” said Cancian.

“It is part of a series of US actions such as sending the Ford to the Caribbean, authorising the CIA to move against the Maduro regime, and conducting flybys with bombers and, recently, F-18s.”

Cancian added that the broader meaning of the operation depends on what comes next.

“The purpose also depends on whether the US seizes additional tankers,” he said. “In that case, this looks like a blockade of Venezuela. Because Venezuela depends so heavily on oil revenue, it could not withstand such a blockade for long.”

Dec. 10 (UPI) — The United States seized a large oil tanker off the coast of Venezuela amid ongoing tensions between President Donald Trump and Venezuelan President Nicolas Maduro.

The tanker was seized during a “judicial enforcement action on a stateless vessel” that had docked in Venezuela, Bloomberg reported.

“Today, the Federal Bureau of Investigation, Homeland Security Investigations and the United States Coast Guard, with support from the Department of War, executed a seizure warrant for a crude oil tanker used to transport sanctioned oil from Venezuela and Iran,” Attorney General Pam Bondi said in a late-afternoon post on X.

U.S. officials sanctioned the oil tanker several years ago due to its “involvement in an illicit oil shipping network supporting foreign terrorist organizations,” Bondi explained.

“This seizure, completed off the coast of Venezuela, was conducted safely and securely — and our investigation alongside the Department of Homeland Security to prevent the transport of sanctioned oil continues.”

U.S. military personnel seized the tanker by fast-roping from a helicopter to board it, Bloomberg reported.

Trump earlier confirmed the tanker’s seizure at the start of a 2 p.m. EST roundtable at the White House.

“We’ve just seized a tanker off the coast of Venezuela — the largest tanker ever seized,” Trump said at the start of the roundtable meeting.

He said “it was seized for a very good reason” and the “appropriate people” would address the matter when asked for more information by a reporter.

The vessel’s seizure occurred as the Trump administration has been applying pressure on Maduro, whom Trump has accused of being a narco-trafficker and of stealing the country’s 2024 presidential election by declaring himself the winner.

The Trump administration has designated Cartel de los Soles aka Cartel of the Sun a foreign terrorist organization that includes many Venezuelan military and government officials among its leadership.

Defense Secretary Pete Hegseth has ordered a carrier strike group to join other U.S. Navy vessels in the Caribbean Sea amid ongoing strikes against small craft departing Venezuela and other nations that are alleged tobe carrying illicit drugs.

The oil tanker’s seizure and the presence of the U.S. military in international waters near Venezuela are likely to discourage oil companies from transporting Venezuelan crude oil.

“Shippers will likely be much more cautious and hesitant about loading Venezuelan crude going forward,” Kpler oil analyst Matt Smith told CNBC.

Rystad Energy’s Jorge Leon, who is in charge of the firm’s geopolitical analysis, told Bloomberg the U.S. seizure of a “Venezuelan tanker” is a “clear escalation from financial sanctions to physical interdiction.”

The seizure “raises the stakes for Caracas and anyone facilitating its exports,” Leon said.

The Trump administration also has advised international airlines to be cautious when approaching Venezuela, which has caused many to suspend operations there.

Russia’s Lukoil has until December 13 to negotiate the sale of most of its international assets following U. S. sanctions and the rejection of Swiss buyer Gunvor. Lukoil’s international assets, which include oil and gas ventures, refining, and over 2,000 gas stations across various regions, are valued at around $22 billion, and any deals must be approved by the U. S. Treasury.

Potential buyers for Lukoil’s assets include major U. S. oil companies like Exxon Mobil and Chevron, the Abu Dhabi International Holding Company, Austrian investor Bernd Bergmair, Hungary’s MOL, and U. S. private equity firm Carlyle.

Lukoil’s significant upstream operations in the Middle East include a 75% stake in Iraq’s West Qurna 2 oilfield and a 60% stake in Iraq’s Block 10 development. In Egypt, the company holds stakes in various oilfields alongside local partners. In the UAE, Lukoil has a 10% stake in the Ghasha gas development. In Central Asia, Lukoil owns portions of important oil and gas projects in Kazakhstan and operates fields in Uzbekistan.

In Africa and Latin America, Lukoil holds interests in several offshore oil blocks in Ghana, Congo, Nigeria, and Mexico.

Lukoil also possesses refining assets, including the Neftohim Burgas refinery in Bulgaria, which is the largest in the Balkans. The Bulgarian government has made moves to potentially seize and sell these assets. The U. S. Treasury has allowed some transactions involving Lukoil’s Bulgarian refinery until April 29, 2026. In Romania, Lukoil owns the Petrotel refinery and has about 300 gas stations, with companies reportedly interested in purchasing these assets.

For fuel retail, the U. S. Treasury extended the deadline for transactions involving Lukoil’s gas stations outside Russia to April 29, 2026. Despite this, Lukoil’s Finnish subsidiary Teboil has filed for restructuring and anticipates selling its petrol stations. The Romanian government is also moving to take control of Lukoil’s assets in the country. Lukoil operates around 200 gas stations in the U. S.

U. S. sanctions are dismantling Lukoil’s trading arm, Litasco, causing significant layoffs in its offices worldwide.

With information from Reuters