As stated in a press release from the company, the decision was made "in connection with the achievement of retirement age and family circumstances."

President of PJSC LUKOIL Vadim Vorobyov noted that Fedun is a key person in the history of LUKOIL and the development of the company to the status of one of the largest in the world fuel and energy complex.

Earlier, the Federal Antimonopoly Service (FAS) of Russia approved the purchase by LUKOIL of a 99.9% stake in a Shell subsidiary in Russia, but with a number of instructions.

In early June, it became known that Arkady Volozh, whom the EU authorities included in the sanctions list, was leaving the board of directors and the post of CEO of the Yandex group of companies.