OFAC's Clock Is Ticking on Lukoil's $22 Billion International Portfolio
OFAC's Clock Is Ticking on Lukoil's $22 Billion International Portfolio The August 22 deadline signals a sanctions architecture at a decision point The Finding On July 24, 2026, the U.S. Treasury's Office of Foreign Assets Control issued the eighth iteration of a Russia-related general license that has kept Western parties legally inside the deal process for Lukoil International GmbH since November 2025. General License 131H authorizes negotiations and contingent contracts for the sale of LIG and its majority-owned subsidiaries through 12:01 a.m. EDT on August 22, 2026. The Carlyle Group signed a non-exclusive agreement with Lukoil to acquire LIG in January 2026. As of the GL 131H issuance d…
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