Opens in a new tab
Woodfall family crestJuniusJunius
Key Players
Portrait of Todd Boehly

Todd Boehly

In the reporting: A Trump donor leading the bid for Lukoil's foreign assets, a sale that needs a license from the US Treasury.

Last updated Nov. 6, 2026

This page collects what Letters of Junius has published about this person’s public role, and grows as the reporting does. Inclusion is not an allegation of wrongdoing. Where someone has denied or answered a claim, the response appears with it. Each entry links to the original source and to the article it appears in.

The bid for Lukoil's foreign assets

  • Reported

    In October 2025, the Treasury sanctioned Lukoil, Russia's second-largest oil company, which forced it to sell its oil fields, refineries and gas stations outside Russia, worth about $20 billion; no buyer can close without a Treasury license. As of October 2026, the bid in front was led by Todd Boehly. The Development Finance Corporation, the American government's development bank, would take a stake in the mid-teens. IHC, an Abu Dhabi holding company chaired by Sheikh Tahnoon bin Zayed, would help lead it. The Khayyat family, whose company UCC Holding is based in Qatar, would take a smaller piece. Boehly and the American agency would control the board, the Financial Times reported.

    Source: Caliber, citing the Financial Times; Logos Press. From: The Same Deal, Made Eight Times; The Sheikhs on Every Side of the Table.

  • Confirmed

    As of October 2026, the Treasury license that allows sale talks for Lukoil's foreign assets was due to run until Nov. 21, 2026.

    Source: OFAC: General License 131K. From: The Same Deal, Made Eight Times; The Sheikhs on Every Side of the Table.

Donations

Where this person appears

October 24, 2026

The Sheikhs on Every Side of the Table

Four days before the inauguration, a buyer tied to the UAE’s spy chief paid $500 million for half of the Trump and Witkoff families’ crypto company. In the months that followed, Washington approved the Emirates’ access to America’s most guarded AI chips three times and cleared the family business to enter the U.S. banking system.

October 20, 2026

The Same Deal, Made Eight Times

Since returning to office, Trump has made the same foreign deal at least eight times. Washington uses a ceasefire, sanctions relief or military force to take a cut of a country’s oil, mines or money, while the private side of the deal goes to the president’s donors, his envoys’ partners and the Abu Dhabi sheikh…

See an error? Contact Letters of Junius. Mistakes are corrected, and each correction is noted on this page.

Photo: Eric van den Brulle, CC BY-SA 4.0, via Wikimedia Commons

All Key Players