February 9, 2018 / 1:18 PM / 3 months ago

Russia's Lukoil says no pressure on Swiss trader after U.S. report

MOSCOW (Reuters) - Vagit Alekperov, the head of Russia’s No.2 oil producer Lukoil, said on Friday that he doesn’t feel any compliance pressure on the company’s Swiss trader Litasco from the so-called “oligarchs list” published by the United States.

He also said he doesn’t see any threat to his personal assets abroad as a result of the list, which cites Russian businessmen and government officials.

Interfax also reported, citing Alekperov, that Lukoil is likely to start a share buyback in the first half of the year.

Reporting by Denis Pinshuk, Darya Korsunskaya; writing by Vladimir Soldatkin; Editing by Polina Ivanova

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