GL-131G
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 its majority-owned subsidiaries (LIG Entities), valid through July 25, 2026. It also authorizes transactions necessary to maintain or wind down operations, contracts, or other agreements of LIG Entities through the same deadline. Blocked accounts of LIG Entities may be used, debited, or credited for the maintenance/wind-down transactions. Contract performance under any negotiated sale contract remains contingent on separate OFAC authorization.
Conditions
Contract performance under any negotiated sale contract must be made expressly contingent on receipt of separate OFAC authorization. The license does not authorize: (1) unblocking of any property blocked under 31 CFR chapter V (except as provided for LIG Entity blocked accounts used for maintenance/wind-down); (2) transactions otherwise prohibited by the RuHSR involving persons blocked under the RuHSR other than those described in paragraph (a), unless separately authorized; or (3) transfer of funds to any person or account in the Russian Federation.