Lukoil Co-Founder Leonid Fedun's Strategic Exit Amid Sanctions
Published on: Nov. 25, 2025, 10:40 p.m. | Source: Devdiscourse
Leonid Fedun, co-founder of Lukoil, has sold his $7 billion stake in the company amid Western sanctions. The sale marks the end of his influential role in transforming Lukoil into a global oil giant. Fedun, a former military school lecturer, has gradually withdrawn from Russian business activities.
