MOSCOW (Reuters) -Russia’s second-largest oil producer Lukoil said on Friday it has been in talks with potential buyers of its foreign assets following last-month sanctions from the UK and the United States and as a deal with Gunvor trading house collapsed.

“The specific deal will be announced after the final agreements have been reached and the necessary regulatory approvals have been obtained,” it said.

“The company aims to ensure uninterrupted operations of assets during their sale and transfer to new owners. This will avoid the risks of disruptions in the work and supply of energy resources to the countries of presence, and save jobs,” it added.

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) last month announced new sanctions targeting Russia’s largest oil producers, Lu

See Full Page