OFSI General Licence for Lukoil Business Continuation

OFSI All Publications

Published November 27th, 2025

Detected March 6th, 2026

Summary

The Office of Financial Sanctions Implementation (OFSI) has issued General Licence INT/2025/8031092, allowing for the continuation of business operations with Lukoil International Entities under the Russia (Sanctions) (EU Exit) Regulations 2019. This licence was initially published on November 27, 2025, and updated on February 25, 2026.

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What changed

OFSI has issued General Licence INT/2025/8031092, permitting the continuation of business operations with Lukoil International Entities. This licence is issued under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019, providing specific exemptions to otherwise applicable sanctions.

Entities engaging with Lukoil International Entities should review the terms of this general licence to ensure compliance with its provisions. The licence was first published on November 27, 2025, and was extended on February 25, 2026, indicating ongoing regulatory attention to these sanctions. Failure to adhere to the licence's conditions could result in breaches of sanctions regulations.

What to do next

Review OFSI General Licence INT/2025/8031092 for specific permissions and restrictions related to Lukoil International Entities.
Ensure all business dealings with Lukoil International Entities strictly adhere to the conditions outlined in the general licence.
Consult legal counsel if there is any uncertainty regarding compliance with the licence terms.

Source document (simplified)

Guidance

OFSI General Licence INT/2025/8031092

Details for OFSI General Licence INT/2025/8031092, Continuation of Business of Lukoil International Entities

From: Office of Financial Sanctions Implementation Published 27 November 2025 Last updated 25 February 2026
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Documents

OFSI General Licence INT/2025/8031092

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OFSI General Licence INT/2025/8031092 Publication notice

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Details

OFSI General Licence INT/2025/8031092
OFSI General Licence INT/2025/8031092 Publication notice On 27 November 2025, OFSI issued General Licence INT/2025/8031092 under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 (“the Russia Regulations”) which allows for the continuation of business operations with Lukoil International Entities.