Sanctions Sidestep: Lukoil Oil Sales Get Short-Term Green Light
Published Date: 3/2/2026
Rule
Summary
The Treasury’s Office of Foreign Assets Control (OFAC) published General License 131A, allowing certain deals to negotiate and enter contracts for selling parts of Russian oil company Lukoil until January 17, 2026. This helps businesses work around sanctions but only if they get special approval before finalizing any sales. The license replaced an earlier one and has now expired, marking important deadlines for affected companies.
No Economic Impacts Identified for this Document
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