Lukoil delays dividend decision amid new U.S. sanctions

Russian oil company Lukoil canceled a board meeting scheduled for October 23 that was expected to address dividend payments, the company said.

A new date for the meeting will be announced later, Lukoil’s press office said.

Following the announcement, Lukoil shares fell more than 5% on the Moscow Exchange, trading data showed. The decline came after the United States imposed new sanctions on Russian energy companies.