Xtellus Proposes Using Global Lukoil Assets to Settle U.S. Investor Losses

New York-based investment bank Xtellus Partners has proposed that proceeds from the sale of Lukoil's foreign assets be used to compensate American investors who lost money after their Lukoil stock holdings were frozen following Russia’s war in Ukraine. Leading U.S. asset managers such as Goldman Sachs, Blackrock and JP Morgan lost billions of dollars through writing off their Lukoil stocks holdings following Russia’s invasion of Ukraine in 2022. Xtellus has proposed a cashless sale back to Lukoil securities held by U.S. investors in…