Rule2026-04090
Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 124B, 128A, 130, and 131
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 four general licenses (GLs) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 124B, 128A, 130, and 131, each of which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 91 Issue 40 (Monday, March 2, 2026)</title>
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[Federal Register Volume 91, Number 40 (Monday, March 2, 2026)]
[Rules and Regulations]
[Pages 10003-10004]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-04090]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful Foreign Activities Sanctions
Regulations Web General Licenses 124B, 128A, 130, and 131
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of web general licenses.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing four general licenses (GLs) issued
pursuant to the Russian Harmful Foreign Activities Sanctions
Regulations: GLs 124B, 128A, 130, and 131, each of which was previously
made available on OFAC's website.
DATES: GL 124B was issued on November 14, 2025. 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 November 14, 2025, OFAC issued GLs 124B, 128A, 130, and 131 to
authorize certain transactions otherwise prohibited by the Russian
Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587.
These GLs were made available on OFAC's website (<a href="https://ofac.treasury.gov">https://ofac.treasury.gov</a>) when they were issued. GLs 128A and 131 are now
expired. GL 130 has an expiration date of April 29, 2026. The text of
these GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 124B
Authorizing Petroleum Services and Other Transactions Related to the
Caspian Pipeline Consortium, Tengizchevroil, and Karachaganak Projects
(a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by the determination of January 10, 2025
made pursuant to section 1(a)(ii) of Executive Order (E.O.) 14071
(``Prohibition on Petroleum Services'') that are related to the
operation of the Caspian Pipeline Consortium, Tengizchevroil, or
Karachaganak projects are authorized.
(b) Except as provided in paragraph (c) of this general license,
all transactions prohibited by E.O. 14024 involving one or more of the
following blocked persons that are related to the operation of the
Caspian Pipeline Consortium, Tengizchevroil, or Karachaganak projects
are authorized:
(1) Rosneft Oil Company;
(2) Public Joint-Stock Company Oil Company Lukoil; or
(3) Any entity in which one or more of the above persons own,
directly or indirectly, individually or in the aggregate, a 50 percent
or greater interest.
(c) This general license does not authorize:
(1) Any transactions for the sale, disposition, or transfer of any
interest in the Caspian Pipeline Consortium, Tengizchevroil, or
Karachaganak projects; or
(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 the blocked persons described in paragraph (b),
unless separately authorized.
(d) Effective November 14, 2025, General License No. 124A, dated
October 22, 2025, is replaced and superseded in its entirety by this
General License No. 124B.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: November 14, 2025.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 128A
Authorizing Certain Transactions Involving Lukoil Retail Service
Stations Located Outside of Russia
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to the purchase of goods and services
from, or the maintenance, operation, or wind down of Lukoil retail
service stations located outside of the Russian Federation (``Lukoil
Retail Service Stations''), are authorized through 12:01 a.m. eastern
standard time, December 13, 2025, provided that any payment, directly
or indirectly, to a blocked person--other than blocked Lukoil Retail
Service Stations--is made into a blocked account in accordance with the
Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part
587 (RuHSR).
Note to paragraph (a): For the purpose of this general license,
the term ``Lukoil Retail Service Stations'' means physical retail
service stations located outside the Russian Federation and in
existence on or before October 22, 2025 in which (1) Public Joint-
Stock Company Oil Company Lukoil (``Lukoil'') has an interest, or
(2) any entity in which Lukoil owns, directly or indirectly, a 50
percent or greater interest, has an interest.
(b) Paragraph (a) of this general license does not authorize:
(1) Any transactions prohibited by Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent or Payable-Through Accounts and
Processing of Transactions Involving Certain Foreign Financial
Institutions;
(2) Any transactions prohibited by Directive 4 under E.O. 14024,
Prohibitions Related to Transactions Involving the Central Bank of the
Russian Federation, the National Wealth Fund of the Russian Federation,
and the Ministry of Finance of the Russian Federation; or
(3) Any transactions otherwise prohibited by the RuHSR, unless
separately authorized.
(c) Effective November 14, 2025, General License No. 128, dated
October 22, 2025, is replaced and superseded in its entirety by this
General License No. 128A.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: November 14, 2025.
[[Page 10004]]
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 130
Authorizing Transactions Involving Certain Lukoil Entities in Bulgaria
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 involving
the following entities are authorized through 12:01 a.m. eastern
daylight time, April 29, 2026:
(1) Lukoil Neftohim Burgas JSC;
(2) Lukoil Bulgaria EOOD;
(3) Lukoil Aviation Bulgaria EOOD;
(4) Lukoil Bulgaria Bunker EOOD; or
(5) Any entity in which one or more of the above persons own,
directly or indirectly, individually or in the aggregate, a 50 percent
or greater interest.
(b) This general license does not authorize 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, including any other
blocked affiliates of Public Joint-Stock Company Oil Company Lukoil,
other than the blocked persons described in paragraph (a) of this
general license, unless separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: November 14, 2025
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 131
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 (c) 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, December 13, 2025, 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 (c) 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, December 13, 2025, provided that any payment,
directly or indirectly, to LIG Entities or any other blocked person is
made into a blocked account in accordance with the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR).
(c) This general license does not authorize:
(1) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V; or
(2) Any transactions otherwise prohibited by the 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.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: November 14, 2025.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Editorial Note: This document was received by the Office of the
Federal Register on February 26, 2026.
[FR Doc. 2026-04090 Filed 2-27-26; 8:45 am]
BILLING CODE P
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