U.S. Treasury prevents bank from purchasing LUKOIL assets

The U.S. Treasury has rejected an offer from the U.S. investment bank Xtellus Partners to buy foreign assets of Russian oil major Lukoil, Reuters reported, citing sources.

A week ago, Xtellus had offered to organize a swap of Lukoil securities held by U.S. investors in a cashless deal to return them to Lukoil in exchange for the Russian company's global assets

Xtellus is advising bid partners American billionaire Todd Boehly and Emirati investor group Allied Investment Partners.