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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