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Treasury issued Iran General Licenses GG and HH authorizing wind-down transactions for Karnkakis/Karnakis and vessels blocked October 21, 2026, and Russia General License 131K authorizing certain transactions in connection with the negotiation for the sale of Lukoil International GmbH.

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Why it matters

Russia General License 131K is at least the eleventh amendment to GL 131 (K = 11th alphabetical suffix), an unusually high revision count for a single OFAC license, indicating a Lukoil International GmbH sale transaction that has required more than two years of successive authorization extensions.

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