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Stock impact report

US Lukoil Gas Station Owners Left in Limbo Over Russia Sanctions [Yahoo! Finance]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The Trump administration just weeks earlier had announced sanctions on two Russian oil giants, the latest measures designed to clamp down on Moscow's crude sales and deprive the Kremlin of revenue it needs to wage its ongoing war in Ukraine. Most Read from Bloomberg London's Love of Wood-Burning Stoves Sparks a Pollution Debate Yet the sanctions on one of those firms, Lukoil PJSC, isn't just being felt in Moscow or the flashier international assets it holds, including an Iraqi oil field and a Bulgarian refinery. They've also ensnared small American business owners, with the operators of Lukoil-branded gas stations in the US caught up in the chaos. While the White House has temporarily exempted the gas stations from the sanctions, banks and credit-card companies have been spooked, in some cases forcing operators to accept cash only. Many are wondering how they'll stay afloat under a tarnished corporate name, while uncertainty surrounds Lukoil's efforts to meet an April deadlin Show less Read more
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