OFAC issues Russia-related General License 131G and FAQs 1224 and 1225

OFAC issued General License No. 131G superseding General License No. 131F, extending the authorization deadline for negotiating and executing contingent contracts for the sale of Lukoil International GmbH and related maintenance activities by one month, from June 27, 2026 to July 25, 2026. The license continues to authorize transactions ordinarily incident and necessary to negotiate contingent contracts with Lukoil, provided that performance is contingent upon receipt of separate OFAC authorization, and maintains authorization for maintenance or wind-down of existing operations. The license prohibits transfers of funds to persons or accounts located in the Russian Federation. In addition, OFAC also issued FAQs 1224 and 1225