"While the company itself has not been targeted by sanctions, its co-founder and former president Vagit Alekperov stepped down from the role last month, after he was sanctioned by both the European Union and the U.K. Meanwhile, Lukoil has kept up with its debt obligations, paying four coupons on bonds over the last 10 days. "
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"Lukoil co-founder Vagit Alekperov was added to a long list of Russians being targeted by Western sanctions, as he made the penalties lists in both the U.K. and the European Union earlier this month."
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"Russia's second-largest oil producer Lukoil PJSC said Chief Executive Officer Vagit Alekperov will resign, in the latest sign of growing pressure on the nation's energy industry since the invasion of Ukraine."
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"Lukoil Chairman Vagit Alekperov has regularly purchased depositary receipts from the market over the years, Bloomberg calculations show."
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"Lukoil PJSC chairman Vagit Alekperov has seen his net worth tumble by about $13 billion this year, the biggest drop among the 22 Russian billionaires on Bloomberg's wealth index. "
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