GL-131G

Summary

General License 131G authorizes transactions otherwise prohibited by E.O. 14024 that are ordinarily incident and necessary to the negotiation of and entry into contingent contracts with Public Joint-Stock Company Oil Company Lukoil or its affiliates for the sale, disposition, or transfer of Lukoil International GmbH (LIG) or any entity in which LIG holds a 50 percent or greater interest. It also authorizes transactions necessary to the maintenance or wind down of operations, contracts, or other agreements of LIG Entities. Any contract for the actual sale must be made expressly contingent upon receipt of separate OFAC authorization, and the license expires July 25, 2026.

Authorized activities

• Negotiation of contracts with Lukoil or its affiliates for the sale, disposition, or transfer of LIG or LIG Entities
• Entry into contingent contracts for the sale, disposition, or transfer of LIG or LIG Entities
• Maintenance of operations, contracts, or other agreements of LIG Entities
• Wind down of operations, contracts, or other agreements of LIG Entities
• Use, debit, or credit of blocked accounts of LIG Entities for authorized maintenance and wind-down transactions

Conditions

Performance of any sale contract must be expressly contingent upon receipt of separate OFAC authorization. The license does not authorize: unblocking of property blocked under 31 CFR chapter V (except blocked accounts of LIG Entities used for maintenance/wind-down transactions); transactions prohibited by the RuHSR involving blocked persons other than those described in paragraph (a), unless separately authorized; or the transfer of funds to any person or account located in the Russian Federation.