• Lukoil expects market volatility to increase due to Brexit, but it will not affect the company

Market news

28 June 2016

Lukoil expects market volatility to increase due to Brexit, but it will not affect the company

Lukoil does not expect a major impact due to Brexit consequences on the company's operations, although predicts strengthening of volatility in the markets, Alexander Matytsyn told reporters.


"The consequences of Brexit will not have a material impact on the financial-economic activity of" Lukoil ". In the current situation, we can predict increase in volatility in the currency and commodity markets, but conservative financial and budgetary policy of the company allows to us feel confident in terms of price volatility" - he said.

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