GL-131K
ActiveAuthorizing 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 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, through November 21, 2026, provided the contracts are expressly contingent on separate OFAC authorization. It also authorizes transactions incident and 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
Contract performance must be expressly contingent upon receipt of separate OFAC authorization. The license does not authorize: (1) unblocking of any blocked property (except blocked accounts for maintenance/wind-down); (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 in the Russian Federation.
Read the official OFAC General License ↗
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