Lukoil warns on sales from Russia's negative image

|By:, SA News Editor

Russia's Lukoil (OTCPK:LUKOY, OTC:LUKOF) warns in its quarterly report of a possible decline in sales abroad due to Russia's negative public image.

Lukoil itself isn't under sanctions the West introduced against Russian officials and corporations, but it says "a negative perception of Russian Federation's public image in the majority of the company's countries of operations... may lead to a short-term decline in retail sales" by association.

Rosneft reportedly is asking the Russian government for $42B to make up for sanctions.