Russia’s LUKOIL has reached an agreement with the American investment firm Carlyle on the sale of its foreign assets, according to the company's press service.

Russia’s second-largest oil producer Lukoil has agreed to sell its international assets unit to U.S. private equity firm Carlyle Group, marking a major shift in the company’s overseas operations.

One of Russia's largest industrial empires will exit its international operations following stringent U.S. sanctions, as President Donald Trump intensifies efforts to pressure the Kremlin to end its war in Ukraine.

The Turkish Central Bank's official reserve assets hit a new record high of $153.8 billion as of July 12, according to the latest weekly figures released on Friday, News.Az reports.