Putin ally Alekperov resigns as president of Russia’s Lukoil
by Rob Davies from on (#5YD6N)
Billionaire oligarch steps down from Russia's second-largest oil firm after being hit with EU and UK sanctions
The multibillionaire Russian oligarch Vagit Alekperov has stepped down as the president of the London-listed firm Lukoil after sanctions were imposed on him by the UK and EU.
In a statement to the stock market, Russia's second-largest oil company said Alekperov, who is on good terms with Vladimir Putin, had formally notified the company of his decision to resign on Thursday.
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