This update concerns US sanctions compliance and asset sale authorization, which falls outside the payments compliance taxonomy scope.
While OFAC administers sanctions that may affect payment flows, this update is fundamentally about sanctions licensing and corporate asset sales, not payment services regulation.
Specialism
The update explicitly addresses OFAC's issuance of a Russia-related general license authorizing specific transactions, which directly involves sanctions screening, asset restrictions, and restrictive measures on Russia-related entities.
The general license and updated FAQs provide regulatory guidance to payment firms and financial institutions on permissible activities under sanctions regimes, constituting supervisory clarification.
2026-04-29 19:23:15·pdonofrio@vixio.com
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TITLE: United States Treasury Department Issues Russia-Related General License for Lukoil International Sale Negotiations
BODY:
On April 29, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued Russia-related General License 131E, authorizing certain transactions for the negotiation of and entry into contingent contracts for the sale of Lukoil International GmbH and related maintenance activities.
The general license permits specified transactions related to the potential sale of Lukoil International GmbH, a Russia-related entity, while maintaining compliance with U.S. sanctions programmes. The license authorizes parties to engage in negotiations and enter into contingent contracts necessary for facilitating the sale transaction, as well as activities related to the maintenance of the entity during this period. This authorization operates within the framework of OFAC's existing Russia sanctions regime and allows for limited commercial activity where otherwise prohibited.
Concurrently, OFAC amended two Russia-related Frequently Asked Questions—FAQs 1224 and 1225—to provide clarification and guidance on the application and scope of the general license. These amendments are intended to assist regulated entities and stakeholders in understanding their obligations and permissible activities under the new authorization.
Entities engaged in transactions involving Lukoil International GmbH or seeking to undertake activities authorized under General License 131E should review the full license terms and the updated FAQs for specific requirements and limitations. Additional information regarding OFAC's Russia sanctions programmes, including the general license, updated guidance, and the Specially Designated Nationals List, is available on OFAC's official website.
Issuance of Amended Russia-related General License and Frequently Asked Questions | Office of Foreign Assets Control Skip to main content The .gov means it’s official. Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site. The site is secure. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Enter Search Term(s): Specially Designated Nationals List (SDN List) Consolidated Sanctions List (Non-SDN Lists) Additional Sanctions Lists Search OFAC's Sanctions Lists Sanctions Programs and Country Information Recent Actions OFAC License Application Page Additional OFAC Resources Frequently Asked Questions Civil Penalties and Enforcement Information OFAC Reporting System Selected General Licenses Issued by OFAC Contact OFAC Issuance of Amended Russia-related General License and Frequently Asked Questions Release Date 04/29/2026 Recent Actions Body The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 131E , "Authorizing Certain Transactions for the Negotiation of and Entry Into Contingent Contracts for the Sale of Lukoil International GmbH and Related Maintenance Activities." OFAC is also issuing two amended, Russia-related Frequently Asked Questions, FAQs 1224 and 1225 . Filter by Category All Recent Actions Enforcement Actions General Licenses Miscellaneous Regulations and Guidance Sanctions List Updates Search All Recent Actions (enter keywords) Start Date (format: MM/DD/YYYY) End Date (format: MM/DD/YYYY) Search by Year (format: YYYY) Sign up for OFAC Recent Actions e-mail updates