GL-131J
SupersededAuthorizing Certain Transactions for the Negotiation of and Entry Into Contingent Contracts for the Sale of Lukoil International GmbH and Related Maintenance Activities
Machine-extracted. The summary, conditions, and reporting fields on this page were extracted by AI from the official document. Rely on the official OFAC General License, not this page.
Summary
This license authorizes transactions prohibited by E.O. 14024 that are 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 LIG Entities. It also authorizes transactions necessary to the maintenance or wind down of operations, contracts, or other agreements of LIG Entities through October 22, 2026. Blocked accounts of LIG Entities may be used, debited, or credited for the authorized maintenance/wind-down transactions.
Conditions
Contracts for the sale/disposition/transfer of LIG Entities must be expressly contingent upon receipt of separate OFAC authorization. The license does not authorize: (1) unblocking of any blocked property (except blocked accounts per 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) the transfer of funds to any person or account located in the Russian Federation.
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