Vagit Alekperov decided to leave the board of directors of Lukoil and the post of head of the company after his inclusion in the British and Australian sanctions lists. The post of president of Lukoil, he has held since 1993. The company notes that Alekperov owns 3.12% of Lukoil, as well as another 5.4% through family and mutual funds, the voting rights of which he does not dispose of. Thus, Alekperov is not a controlling shareholder of Lukoil.