Russia/Ukraine Sanctions Update - Month of February 2026

I. U.S. SANCTIONS - OFAC Issues Amended Russia-Related General License and FAQs: On February 26, OFAC issued General License 131C, which extends the authorization of certain transactions for the negotiations/contingent contracts for the sale of Lukoil International GmbH and related maintenance activities through 12:01 a.m. eastern daylight time, April 1, 2026, provided that the performance of any such contract is made expressly contingent upon the receipt of separate authorization from OFAC.... By: Mayer Brown