The Hungarian company MOL intends to acquire the international assets of Lukoil, affected by American sanctions.

MOL has communicated to American officials its interest in purchasing the international assets of Lukoil, a Russian oil company sanctioned by the United States. These sanctions were imposed in October as part of efforts to exert pressure on Moscow to end the war in Ukraine, prompting Lukoil to seek buyers for its foreign assets. MOL aims to acquire Lukoil's refineries and gas stations in Europe, as well as stakes in production assets in Kazakhstan and Azerbaijan.

Lukoil is also in discussions with other major oil companies, including Exxon Mobil and Chevron, ahead of the U.S. deadline set for December 13. Hungarian Prime Minister Viktor Orban discussed MOL's plans with Donald Trump, and Hungary has obtained a one-year exemption from U.S. sanctions to continue using Russian energy.