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U.S. extends deadline for Lukoil foreign assets sale talks to Aug 22
U.S. extends deadline for Lukoil foreign assets sale talks to Aug 22

The U.S. Office of Foreign Assets Control (OFAC) said on Friday it has extended to August 22 from July 25 a general licence allowing companies to negotiate with Russia's oil major Lukoil about acquiring its international businesses.

addedJul 24, 2026
Countries stories
Middle East War

Montenegro's government said it is temporarily cutting as of Tuesday the excise duties on motor fuel to cushion the expected rise in domestic retail prices prompted by the escalation of the Middle East war crisis, which is pushing up the global cost of crude oil.

Chinese investments in SEE

Although foreign direct investment (FDI) inflows to the countries in Central, East and Southeast Europe (CESEE) rose to a total of 91.5 billion euro ($104 billion) in 2025 from 75.8 billion euro in the prior year, most of the countries in the region posted a decline in FDI, both in absolute numbers and as a share of GDP, the Vienna Institute for International Economic Studies (wiiw) said.

Montenegro's government said it is temporarily cutting as of Tuesday the excise duties on motor fuel to cushion the expected rise in domestic retail prices prompted by the escalation of the Middle East war crisis, which is pushing up the global cost of crude oil.

The drone shot down after violating Romania's airspace on Friday was visually identified by Air Force pilots as a Shahed-type drone, the defence ministry said during a press conference held on Friday.

Although foreign direct investment (FDI) inflows to the countries in Central, East and Southeast Europe (CESEE) rose to a total of 91.5 billion euro ($104 billion) in 2025 from 75.8 billion euro in the prior year, most of the countries in the region posted a decline in FDI, both in absolute numbers and as a share of GDP, the Vienna Institute for International Economic Studies (wiiw) said.

The combined revenues of the biggest companies in SEE edged down for a second year in a row in 2024, while profits declined in double digit percentages.
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