GL-131D
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 negotiating and entering 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. Blocked accounts of LIG Entities may be used for the authorized maintenance/wind-down transactions. Both authorizations run through 12:01 a.m. eastern daylight time, May 1, 2026.
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 authorized maintenance/wind-down transactions
Conditions
Performance of any contingent contract must be made expressly contingent upon receipt of separate OFAC authorization. The license does not authorize: (1) unblocking of any blocked property except as permitted in paragraph (c); (2) transactions otherwise prohibited by RuHSR involving persons blocked under RuHSR other than those described in paragraph (a), unless separately authorized; or (3) transfer of funds to any person or account located in the Russian Federation.