Carlyle Group agrees to buy Lukoil's international assets after sanctions

The Carlyle Group, a major US private equity firm, has agreed to buy the international assets of Lukoil, Russia's second-largest oil company. This move comes as Lukoil faces pressure from Western sanctions imposed after Russia's invasion of Ukraine.

Separately, the energy giant Chevron and the investment firm Quantum Capital Group are reportedly preparing a bid for a $22 billion portion of Lukoil's assets.