GL-55E
SupersededAuthorizing Certain Services Related to Sakhalin-2
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Summary
This license authorizes transactions related to the Sakhalin-2 project that would otherwise be prohibited under Russian sanctions rules. Specifically, it covers: (1) maritime transport of Sakhalin-2 crude oil byproduct solely for importation into Japan; (2) transactions involving Gazprombank and its majority-owned entities related to Sakhalin-2, including Sakhalin Energy LLC; and (3) petroleum services related to the Sakhalin-2 project. All three authorizations are valid through 12:01 a.m. eastern daylight time, June 18, 2026.
Authorized activities
- Maritime transport of crude oil originating from the Sakhalin-2 project (Sakhalin-2 byproduct), solely for importation into Japan
- Transactions involving Gazprombank Joint Stock Company or any entity in which Gazprombank owns, directly or indirectly, a 50 percent or greater interest, related to the Sakhalin-2 project, including transactions involving Sakhalin Energy LLC
- Transactions prohibited by the Prohibition on Petroleum Services determination of January 10, 2025 that are related to the Sakhalin-2 project
Conditions
The license does not authorize: (1) transactions prohibited by Directive 2 under E.O. 14024 (correspondent or payable-through accounts); (2) transactions prohibited by Directive 4 under E.O. 14024 (transactions involving the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, and the Ministry of Finance of the Russian Federation); or (3) any transactions otherwise prohibited by the RuHSR, including transactions involving any person blocked pursuant to the RuHSR other than the blocked persons described in paragraph (b), unless separately authorized. For paragraph (a), the Sakhalin-2 byproduct must be solely for importation into Japan.