The London Stock Exchange blocked Lukoil from trading, along with 26 other Russian companies. On Wednesday, the city council in Newark, New Jersey, voted to suspend licenses for gas stations owned by Lukoil in protest of Russia's belligerence.
The company's chairman Vagit Alekperov has lost an estimated $6.9 billion of his wealth in the past 10 days, according to Charles Lister, a senior fellow at the Middle East Institute.