OFSI General Licence INT/2025/8031092 amended and 1 FAQ amended

On 25 February 2026, the General Licence INT/2025/8031092 was amended, the expiry date was extended to 25 August 2026.

Any persons intending to use General Licence INT/2025/8031092 should consult the copy of the Licence for full details of the permissions and usage requirements.

FAQ 174 was also amended to reflect the amendment of the general licence.

The General License:

The FAQ:

174.Can business operations with Lukoil International GmbH continue as normal with regard to UK financial sanctions?

On 15 October 2025, the UK designated PJSC Oil Company Lukoil (“Lukoil”) under the Russia (Sanctions) (EU Exit) Regulations 2019 (“the Russia Regulations”). Lukoil is consequently subject to financial sanctions, as are entities owned or controlled by Lukoil.

OFSI notes the ongoing negotiations on the sale of PJSC Lukoil’s international assets.

In that context, on 27 November 2025 OFSI issued General Licence INT/2025/8031092. This GL permits the continuation of business with respect to Lukoil International GmbH (“Lukoil International”) which is a subsidiary of PJSC Lukoil and subsidiaries of Lukoil International.

Users of General Licence INT/2025/8031092 should carefully consider all relevant conditions, in particular those relating to payments made to Lukoil International and/ or Lukoil International subsidiaries.

In line with OFSI licensing practice the expiry date of General Licence INT/2025/8031092 is set out in the amended licence document. Any renewal of General Licence INT/2025/8031092 would be considered in the context of the ongoing negotiations on the sale of PJSC Lukoil’s international assets.

HM Treasury may vary, revoke or suspend General Licence INT/2025/8031092 at any time.

Amended on: 25 Feb 2026