The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued a new general license that permits certain transactions involving Lukoil International GmbH. The license, numbered 131E, authorizes the negotiation and entry into contingent contracts for the sale of Lukoil International GmbH and related maintenance activities. OFAC also released two amended FAQs (1224 and 1225) that address questions about Russia-related sanctions and the application of the new license. The license is intended to apply only to transactions that are consistent with existing sanctions against Russia and is part of the Treasury’s broader sanctions program. Entities and individuals affected by the license must comply with its specific conditions. The release was dated April 29, 2026.
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