GL-131B
SupersededAuthorizing Certain Transactions for the Negotiation of and Entry Into Contingent Contracts for the Sale of Lukoil International GmbH and Related Maintenance Activities
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Summary
This license authorizes transactions ordinarily incident and necessary to the negotiation of and entry into contingent contracts with Lukoil or its affiliates for the sale, disposition, or transfer of Lukoil International GmbH (LIG) and LIG Entities. It also authorizes transactions necessary to the maintenance or wind down of operations, contracts, or other agreements of LIG Entities. Both authorizations are valid through 12:01 a.m. eastern standard time, February 28, 2026. Blocked accounts of LIG Entities may be used for the maintenance/wind-down transactions.
Authorized activities
- Negotiation of and entry into contingent contracts with Lukoil or affiliates for the sale, disposition, or transfer of LIG or LIG Entities
- Maintenance or wind down of operations, contracts, or other agreements of LIG Entities
- Use, debit, or credit of blocked accounts of LIG Entities for maintenance/wind-down transactions
Conditions
Performance of any contingent contract must be expressly contingent upon receipt of separate OFAC authorization. The license does not authorize: (1) unblocking of any blocked property except as provided in paragraph (c); (2) transactions otherwise prohibited by 31 CFR part 587 (RuHSR) involving persons blocked under the RuHSR other than those described in paragraph (a), unless separately authorized; or (3) the transfer of funds to any person or account located in the Russian Federation.