TradeConfirmedMediumDeveloping

US OFAC extends license for Lukoil foreign asset divestment until August 22

The US Treasury's OFAC has extended a license allowing negotiations and conditional agreements for the sale of LUKOIL International GmbH and its subsidiaries. This extension provides additional time for the Russian energy firm to divest foreign assets while remaining under US sanctions compliance frameworks.

Interfax1 day agoUS, RUCredibility 48%View source

Score Breakdown

Mosaic Score10.0

Confidence0.9

Significance0.5

Source credibility0.5

Intelligence Tags

#lukoil #ofac #sanctions #divestment #energy

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Source

Part of 2 situations

developingTradeGeopolitics9h ago

Lukoil Sanctions Divestment License Extended by OFAC

The US Treasury's OFAC has extended the general license for the divestment of LUKOIL International GmbH and its subsidiaries until August 22, 2024. This extension facilitates continued negotiations and conditional agreements for the sale of these foreign assets, while explicitly prohibiting fund transfers to Russian accounts or persons. Confidence in this assessment is High.

→ stable·2 signals·US, RUScore 7.4

activeGeopoliticsTrade9h ago