One Of The Founders Of Lukoil Sold His Stake In The Company
3- 26.11.2025, 9:28
- 5,366
Reuters revealed the details of the deal.
Lukoil co-founder Leonid Fedun has fully sold his stake in the Russian oil company. This is reported by Reuters citing three knowledgeable sources familiar with the details of the deal.
According to the agency, Fedun, who is a native of Ukraine and a resident of Monaco, sold the stake he owned (about 10%) back to Lukoil in early 2025. Reuters estimates the value of the stake at about $7 billion, but it is not clear whether this amount was paid to the billionaire.
Forbes in April 2025 estimated the businessman's fortune at $10.4 billion, making him the 13th richest Russian.
Leonid Fedun had been vice president of Lukoil since 1996 and left the post in 2022 - after the outbreak of war in Ukraine. The company's press service claimed the decision was made "due to reaching retirement age and family circumstances." That same year, Fedun sold his stake in the Spartak soccer club.
Another Lukoil co-founder - Vagit Alekperov - also stepped down from the company's leadership in 2022, resigning as CEO after British and Australian sanctions were imposed on him. According to three Reuters sources, Alekperov continues to influence Lukoil informally after his departure, while Fedun has stepped aside completely.
Leonid Fedun himself was not included in the sanctions lists related to the war in Ukraine. However, in 2017, the US Finance Ministry blacklisted his joint investment company IFD Kapital (now JSC Kapital) with Alekperov for owning the Riviera Sunrise Resort & Spa hotel in annexed Crimea.
The US imposed sanctions directly against Lukoil and Rosneft in late October, explaining them with Vladimir Putin's refusal to stop the war. The restrictions also affected all subsidiaries where the company owns more than 50%. The U.S. Finance Ministry obliged to complete transactions with the sanctioned entities by November 21, later extending some licenses until December 13.
Bank's name: Bank Millennium S.A.
Address: ul. Stanislawa Zaryna, 2A, 02-593, Warszawa
IBAN: PL97116022020000000216711123
SWIFT: BIGBPLPW
Name of the account holder: Fundacja “KARTA ‘97”
Purpose/title of payment: Donation for statuary aims
You can contact us by the e-mail [email protected]
