Lukoil calls for end to ‘conflict’ in Ukraine

Lukoil calls for end to ‘conflict’ in Ukraine

The board of Russia’s second-largest oil company, Lukoil, has called for an end to conflict in Ukraine as its shares collapse amid ongoing divestments from the Russian energy sector.

Lukoil produces around 2% of the world’s crude supplies and employs around 100,000 people, making it Russia’s second-largest oil company behind state-owned giant Rosneft.

In a statement released last week, the company said its board of directors expressed “deepest concerns about the tragic events in Ukraine.”