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.
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Previous / Next Documents
Previous: 2026-04083, Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 131B
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.
Next: 2026-04086, Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 128B
The U.S. Treasury just made it official: certain business deals with Lukoil’s gas stations outside Russia are allowed until April 29, 2026. This update replaces the old rules and lets companies keep those stations running or close them down without breaking sanctions. If you’re handling money or services for Lukoil’s international outlets, this license is your new go-to guide.