Rule2026-04083
Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 131B
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 2, 2026
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GL 131B, which was previously made available on OFAC's website.
Full Text
<html>
<head>
<title>Federal Register, Volume 91 Issue 40 (Monday, March 2, 2026)</title>
</head>
<body><pre>
[Federal Register Volume 91, Number 40 (Monday, March 2, 2026)]
[Rules and Regulations]
[Pages 10007-10008]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-04083]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful Foreign Activities Sanctions
Regulations Web General License 131B
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of a web general license.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing a general license (GL) issued pursuant to
the Russian Harmful Foreign Activities Sanctions Regulations: GL 131B,
which was previously made available on OFAC's website.
DATES: GL 131B was issued on January 14, 2026. See SUPPLEMENTARY
INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Regulatory Affairs, 202-622-4855; or <a href="https://ofac.treasury.gov/contact-ofac">https://ofac.treasury.gov/contact-ofac</a>.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: <a href="https://ofac.treasury.gov/">https://ofac.treasury.gov/</a>.
Background
On January 14, 2026, OFAC issued GL 131B to authorize certain
transactions otherwise prohibited by the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587. This GL was made
available on OFAC's website (<a href="https://ofac.treasury.gov">https://ofac.treasury.gov</a>) when it was
issued. GL 131B replaced and superseded GL 131A. GL 131B has an
expiration date of February 28, 2026. The text of this GL is provided
below.
[[Page 10008]]
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 131B
Authorizing Certain Transactions for the Negotiation of and Entry Into
Contingent Contracts for the Sale of Lukoil International GmbH and
Related Maintenance Activities
(a) Except as provided in paragraph (d) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to the negotiation of and entry into
contracts with Public Joint-Stock Company Oil Company Lukoil or any of
its affiliates for the sale, disposition, or transfer of Lukoil
International GmbH (``LIG'') or any entity in which LIG owns, directly
or indirectly, individually or in the aggregate, a 50 percent or
greater interest (collectively, ``LIG Entities'') are authorized
through 12:01 a.m. eastern standard time, February 28, 2026, provided
that the performance of any such contract is made expressly contingent
upon the receipt of separate authorization from the Office of Foreign
Assets Control (``contingent contracts'').
Note to Paragraph (a). For purposes of this general license, the
term ``contingent contracts'' includes executory contracts,
executory pro forma invoices, agreements in principle, executory
offers capable of acceptance such as bids or proposals in response
to public tenders, binding memoranda of understanding, or any other
similar agreement.
(b) Except as provided in paragraph (d) of this general license,
all transactions prohibited by E.O. 14024 that are ordinarily incident
and necessary to the maintenance or wind down of operations, contracts,
or other agreements of LIG Entities are authorized through 12:01 a.m.
eastern standard time, February 28, 2026.
(c) All blocked accounts of LIG Entities may be used, debited, or
credited for the transactions authorized in paragraph (b).
(d) This general license does not authorize:
(1) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized in paragraph (c);
(2) Any transactions otherwise prohibited by the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR),
including transactions involving any person blocked pursuant to the
RuHSR, other than blocked persons described in paragraph (a) of this
general license, unless separately authorized; or
(3) The transfer of funds to any person or account located in the
Russian Federation.
(e) Effective January 14, 2026, General License No. 131A, dated
December 10, 2025, is replaced and superseded in its entirety by this
General License No. 131B.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: January 14, 2026.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2026-04083 Filed 2-27-26; 8:45 am]
BILLING CODE 4810-AL-P
</pre></body>
</html>Indexed from Federal Register on March 2, 2026.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.