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GL-117

Active

Wind-Down — Gazprom Neft / Surgutneftegas

Status
Active
Program
RUSSIA-EO14024
Authorization
wind_down
Effective
2025-01-10
Expires
No stated expiry

Summary

Authorizes wind-down of transactions involving Gazprom Neft, Surgutneftegas, and entities blocked Jan 10, 2025.

Authorized activities

  • wind-down
  • gazprom neft
  • surgutneftegas
  • close-out

Conditions

Time-limited wind-down.

Reporting requirement

Wind-down transactions must be completed within the GL authorization period. Any payments to blocked persons must be made into blocked accounts. The institution must document the pre-existing obligation being wound down.