Russia's Lukoil sees investment cuts due to Western sanctions


  • World
  • Thursday, 31 Jul 2014

MOSCOW (Reuters) - The head of Russia's second largest oil producer Lukoil said on Thursday that Western sanctions on Russia would force the company to reduce its investment programme due to limited access to funds.

Vagit Alekperov also said Lukoil was looking to sell some of its assets in eastern Europe in order "to focus on Russian projects".

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