Amended Russia General License 131D - Lukoil International GmbH Transactions
Summary
OFAC amended Russia-related General License 131D authorizing certain transactions for Lukoil International GmbH, specifically the negotiation and entry into contingent contracts for the sale of the company and related maintenance activities. OFAC also amended FAQ 1224 and FAQ 1225 to provide additional guidance on these Russia sanctions.
What changed
OFAC has issued an amended version of Russia General License 131D, which specifically authorizes transactions related to the negotiation and entry into contingent contracts for the sale of Lukoil International GmbH and related maintenance activities. The license was amended to clarify or expand the scope of permitted dealings with the Russian energy company. Additionally, OFAC revised FAQ 1224 and FAQ 1225 to address compliance questions related to this Russia sanctions measure.
Companies engaged in any transactions involving Lukoil International GmbH or other Russian energy sector entities should review the amended General License 131D to determine whether their activities fall within the newly authorized scope. Compliance teams should consult the revised FAQs for additional interpretive guidance. Any entity relying on this general license should ensure they meet all conditions specified therein and maintain appropriate documentation.
What to do next
- Review amended General License 131D to assess whether Lukoil-related transactions fall within authorized scope
- Consult revised FAQ 1224 and FAQ 1225 for compliance guidance
- Update internal Russia sanctions compliance procedures if activities are newly authorized
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- Contact OFAC
Issuance of Amended Russia-related General License; Publication of Amended Russia-related Frequently Asked Questions
03/30/2026 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing amended Russia-related General License 131D, "Authorizing Certain Transactions for the Negotiation of and Entry Into Contingent Contracts for the Sale of Lukoil International GmbH and Related Maintenance Activities."
Additionally, OFAC is amending two Russia-related Frequently Asked Questions, FAQ 1224 and FAQ 1225.
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