Romania pivots to accelerated sale of Lukoil assets amid U.S. sanctions pressure

Bucharest abandons temporary nationalisation and opts for a fast-tracked two-stage divestment to safeguard energy security. Romania has abandoned the option of temporarily nationalising the Lukoil-Petrotel refinery, concluding that the state lacks the approximately €200 million in immediate liquidity required to restart operations under public control. After weeks of political and...