Issuance of Amended Russia-related General License; Publication of Amended Russia-related Frequently Asked Questions

The Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 131B to authorize certain transactions for negotiating and entering contingent contracts for the sale of Lukoil International GmbH. OFAC also published two amended Frequently Asked Questions, specifically FAQs 1224 and 1225, to provide updated guidance on Russia-related sanctions. These actions facilitate specific maintenance activities and clarify regulatory requirements for entities involved in the transaction.