GL-131F
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 incident to negotiating and entering contingent contracts with Lukoil or its affiliates for the sale, disposition, or transfer of Lukoil International GmbH (LIG) and LIG Entities, through June 27, 2026, provided contract performance is contingent on separate OFAC authorization. It also authorizes transactions necessary to the maintenance or wind down of operations, contracts, or other agreements of LIG Entities through the same date, and permits blocked accounts of LIG Entities to be used for those maintenance/wind-down transactions.
Conditions
Performance of any contingent contract must be expressly contingent on 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 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.