Tariff Notices · Sanctions · confirmed
OFAC extends Lukoil International maintenance and sale talks to August 22
Updated · Impact score 74/100 · Confidence 55%
Russia General License 131H replaced 131G on July 24 and authorizes specified maintenance, wind-down, due diligence, negotiations, and contingent sale contracts involving Lukoil International GmbH and its majority-owned entities through August 22.
Why it matters
The license can support ordinary-course supplier, insurance, payroll, property, and operating transactions for covered Lukoil International entities, but it does not authorize an actual sale or funds transfers to a person or account in Russia.
What to check next
Map the exact Lukoil entity and transaction purpose, document how the activity fits General License 131H, block any Russia-bound payment, obtain separate OFAC authorization before executing a sale, and calendar the August 22 expiration.
Deadline
OFAC Russia General License 131H expires:
Affected entities
- Russia
- OFAC
- Lukoil International GmbH
- Lukoil
- Maintenance and wind-down
- Contingent sale contracts
- Supplier and payment controls