OFAC GL 131H: Eighth Extension in a Row Gives Lukoil International GmbH Deal Until August 22
On July 24, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License No. 131H (OFAC GL 131H), replacing General License No. 131G and extending the authorization for negotiations and contingent contracts for the sale of Lukoil International GmbH (LIG) until August 22, 2026. LIG is the Austrian holding company through which PJSC Lukoil manages...
Lukoil GL 131F: OFAC Extends Authorization for LIG Sale Negotiations
On May 28, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License No. 131F (Lukoil GL 131F), replacing General License No. 131E and extending the authorization through 12:01 a.m. EDT on June 27, 2026. The license continues to authorize negotiations and the entry into contingent contracts for the sale of Lukoil International GmbH (LIG), the...
Lukoil OFAC Licenses: GL 128C and GL 130A Extend the Operational Window Through October 2026
On April 14, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) published two updated general licenses directly tied to Lukoil sanctions: General License 128C (GL 128C) and General License 130A (GL 130A). OFAC also revised its FAQ 1225 on the same date. The two Lukoil OFAC Licenses replace their predecessors and significantly extend the applicable time...
Sanctions on Russian Oil: OFAC Amends GL 134
On March 19, 2026, exactly one week after issuing GL 134, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published General License GL 134A, which superseded GL 134 on the same date. The core authorization covering sanctions on Russian oil remains intact: GL 134A still permits the sale, transport, and offloading of Russian petroleum and petroleum products loaded...