GL-131C
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
General License No. 131C authorizes all transactions prohibited by E.O. 14024 that are ordinarily incident and necessary to the negotiation of and entry into contracts with Public Joint-Stock Company Oil Company Lukoil or any of its affiliates for the sale, disposition, or transfer of Lukoil International GmbH (LIG) or any entity in which LIG owns, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest (LIG Entities), provided that performance of any such contract is made expressly contingent upon separate authorization from OFAC, and all transactions prohibited by E.O. 14024 that are ordinarily incident and necessary to the maintenance or wind down of operations, contracts, or other agreements of LIG Entities, through 12:01 a.m. eastern daylight time, April 1, 2026. Blocked accounts of LIG Entities may be used, debited, or credited for the maintenance or wind-down transactions. Effective February 26, 2026, it replaced and superseded General License No. 131B, dated January 14, 2026.
Conditions
Contingent contracts include executory contracts, executory pro forma invoices, agreements in principle, executory offers capable of acceptance such as bids or proposals in response to public tenders, binding memoranda of understanding, or any other similar agreement. The license does not authorize: (1) the unblocking of any property blocked pursuant to any part of 31 CFR chapter V, except as authorized in paragraph (c); (2) any transactions otherwise prohibited by the RuHSR, 31 CFR part 587, including transactions involving any person blocked pursuant to the RuHSR other than the blocked persons described in paragraph (a), unless separately authorized; or (3) the transfer of funds to any person or account located in the Russian Federation.