OFAC GL 131G: New General License for Transactions Involving Lukoil International GmbH
Why OFAC Issued GL 131G
On October 22, 2025, OFAC designated Public Joint-Stock Company Oil Company Lukoil as part of a broader campaign to degrade Russia’s energy revenues and its capacity to finance the war. At the same time, OFAC recognized the practical reality: Lukoil holds substantial assets outside of Russia, and an orderly divestiture of those assets to non-blocked buyers serves U.S....