GL-128B

Summary

General License 128B authorizes transactions otherwise prohibited by E.O. 14024 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 Russia involving Lukoil International GmbH (LIG) and entities in which LIG holds 50 percent or greater interest (collectively, 'LIG Entities'), including Lukoil North America LLC and Lukoil Americas Corporation. The license also permits blocked accounts of LIG Entities to be used, debited, or credited for those authorized transactions. It is effective December 4, 2025, replacing and superseding General License No. 128A, and remains in effect through 12:01 a.m. eastern daylight time, April 29, 2026.

Authorized activities

• Purchase of goods and services from LIG Entities' physical retail service stations located outside of Russia
• Maintenance of physical retail service stations located outside of Russia involving LIG Entities
• Operation of physical retail service stations located outside of Russia involving LIG Entities
• Wind down of physical retail service stations located outside of Russia involving LIG Entities
• Use, debit, or credit of blocked accounts of LIG Entities for the above authorized transactions

Conditions

The license does not authorize: (1) transactions prohibited by Directive 2 under E.O. 14024 (correspondent or payable-through accounts); (2) transactions prohibited by Directive 4 under E.O. 14024 (Central Bank of Russia, National Wealth Fund, or Ministry of Finance of Russia); (3) any transactions otherwise prohibited by the RuHSR, including those involving any blocked person other than the LIG Entities described in paragraph (a), unless separately authorized; or (4) the transfer of funds to any person or account located in the Russian Federation.