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Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 128B

Rule published March 2, 2026 · 91 FR 10007

Document number
FR Doc. 2026-04086
Type
Rule
Published
March 2, 2026
Citation
91 FR 10007 (page 10,007)
Action
Publication of a web general license.
Dates
GL 128B was issued on December 4, 2025. See SUPPLEMENTARY INFORMATION for additional relevant dates.
Official sources
PDF (govinfo.gov) · federalregister.gov

Summary

The Federal Register's summaryThe Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GL 128B, which was previously made available on OFAC's website.

Regulations cited

OFAC has reused some part numbers, so today's heading can name a different regulation from the one this document concerned.

Executive orders cited

Text

As the Government Publishing Office publishes it. Pages OFAC printed as images (in recent notices, the lists of names) are in the official PDF.

[Federal Register Volume 91, Number 40 (Monday, March 2, 2026)]
[Rules and Regulations]
[Page 10007]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2026-04086]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 587


Publication of Russian Harmful Foreign Activities Sanctions
Regulations Web General License 128B

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of a web general license.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing a general license (GL) issued pursuant to
the Russian Harmful Foreign Activities Sanctions Regulations: GL 128B,
which was previously made available on OFAC's website.

DATES: GL 128B was issued on December 4, 2025. See SUPPLEMENTARY
INFORMATION for additional relevant dates.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Regulatory Affairs, 202-622-4855; or https://ofac.treasury.gov/contact-ofac.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document and additional information concerning OFAC are
available on OFAC's website: https://ofac.treasury.gov/.

Background

    On December 4, 2025, OFAC issued GL 128B to authorize certain
transactions otherwise prohibited by the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587. This GL was made
available on OFAC's website (https://ofac.treasury.gov) when it was
issued. GL 128B, which has an expiration date of April 29, 2026,
replaces and supersedes GL 128A. The text of this GL is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 128B

Authorizing Certain Transactions Involving Lukoil Retail Service
Stations Located Outside of Russia

    (a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 involving
Lukoil International GmbH (LIG) or any entity in which LIG owns,
directly or indirectly, a 50 percent or greater interest, including
Lukoil North America LLC and Lukoil Americas Corporation,
(collectively, ``LIG Entities'') that are ordinarily incident and
necessary to the purchase of goods and services from, or the
maintenance, operation, or wind down of, physical retail service
stations located outside of the Russian Federation, are authorized
through 12:01 a.m. eastern daylight time, April 29, 2026.
    (b) All blocked accounts of LIG Entities may be used, debited, or
credited for the transactions authorized in paragraph (a).
    (c) This general license does not authorize:
    (1) Any transactions prohibited by Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent or Payable-Through Accounts and
Processing of Transactions Involving Certain Foreign Financial
Institutions;
    (2) Any transactions prohibited by Directive 4 under E.O. 14024,
Prohibitions Related to Transactions Involving the Central Bank of the
Russian Federation, the National Wealth Fund of the Russian Federation,
and the Ministry of Finance of the Russian Federation;
    (3) Any transactions otherwise prohibited by the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR),
including transactions involving any person blocked pursuant to the
RuHSR other than the LIG Entities described in paragraph (a) of this
general license, unless separately authorized; or
    (4) The transfer of funds to any person or account located in the
Russian Federation.
    (d) Effective December 4, 2025, General License No. 128A, dated
November 14, 2025, is replaced and superseded in its entirety by this
General License No. 128B.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: December 4, 2025.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2026-04086 Filed 2-27-26; 8:45 am]
BILLING CODE 4810-AL-P

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