GL-128C

Summary

This license authorizes transactions otherwise prohibited by E.O. 14024 that are ordinarily incident and necessary to purchasing goods and services from, or maintaining, operating, or winding down, physical retail service stations located outside of Russia involving Lukoil International GmbH (LIG) and its subsidiaries (collectively 'LIG Entities'). Blocked accounts of LIG Entities may be used, debited, or credited for these authorized transactions. The authorization is time-limited, expiring at 12:01 a.m. eastern daylight time on October 29, 2026. This license supersedes General License No. 128B dated December 4, 2025.

Authorized activities

• Purchase of goods and services from physical retail service stations located outside of the Russian Federation involving LIG Entities
• Maintenance of physical retail service stations located outside of the Russian Federation involving LIG Entities
• Operation of physical retail service stations located outside of the Russian Federation involving LIG Entities
• Wind down of physical retail service stations located outside of the Russian Federation 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 (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 RuHSR, including transactions involving any person blocked pursuant to the RuHSR 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.