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WorldECR | OFAC extends Lukoil licences for retail stations and Bulgarian operations
April 15, 2026
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WorldECR | OFAC extends Lukoil licences for retail stations and Bulgarian operations
The US Treasury Department’s Office of Foreign Assets Control (‘OFAC’) extended authorisations for transactions involving Lukoil’s service stations outside Russia and its Bulgarian subsidiaries on 14 March, continuing a series of licences issued since the US put Russia’s second-largest oil producer on its sanctions blacklist in October 2025. General License 128C authorises all transactions ‘ordinarily incident […]
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The US Treasury Department’s Office of Foreign Assets Control (‘OFAC’) extended authorisations for transactions involving Lukoil’s service stations outside Russia and its Bulgarian subsidiaries on 14 March, continuing a series of licences issued since the US put Russia’s second-largest oil producer on its sanctions blacklist in October 2025. General License 128C authorises all transactions ‘ordinarily incident […]
Read more