Sanctions with a Side of Permissions: Lukoil Gets Temporary Green Light
Published Date: 3/2/2026
Rule
Summary
The Treasury’s Office of Foreign Assets Control (OFAC) published General License 131B, letting certain deals happen with Lukoil International GmbH and its related companies despite existing sanctions. This license replaces the previous one and is valid until February 28, 2026. If you’re negotiating contracts with Lukoil, you can proceed but must get separate approval before finalizing any sales or transfers.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-18569, Publication of Venezuela Sanctions Regulations Web General Licenses 30B and 51.
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GLs 30B and 51, each of which was previously made available on OFAC's website.
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Previous: 2026-04082, Amendment of Class D Airspace; Farmingdale, NY
The FAA is updating the official location info for Republic Airport in Farmingdale, NY, and swapping out an old reference name for a newer one in the airspace rules. No changes to the airspace size or how pilots must operate there. These updates kick in on July 9, 2026, with no extra costs or hassles for anyone flying or working around the airport.
Next: 2026-04085, Publication of Russian Harmful Foreign Activities Sanctions Regulations and Web General License 131A
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.