You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World US Again Extends Deadline for Lukoil Foreign Assets Sale US Again Extends Deadline for Lukoil Foreign Assets Sale by Ship & Bunker News Team Tuesday July 28, 2026 Tweet Follow @shipandbunker The new license is valid until Aug 22. File Image / Pixabay The US has again extended the deadline for the sale of Russian energy firm Lukoil 's overseas assets, giving parties another month to negotiate a deal. A new US Treasury licence has extended the deadline for the potential sale of Lukoil's overseas assets until August 22, 2026 , according to a document issued by the US Treasury Department ’s Office of Foreign Assets Control last week. The license also allows transactions needed to maintain or wind down the operations of LIG entities during the same period. However, any sale remains subject to separate OFAC approval, meaning the licence does not authorise the completion of a transaction. General License 131H replaces the previous General License 131G, which had been due to expire on 24 July. The latest extension suggests the sale process is still ongoing, with US authorities allowing additional time for negotiations while keeping sanctions restrictions in place. The licence continues to prohibit transfers of funds to accounts in Russia and does not lift broader sanctions on Lukoil or other blocked entities. Lukoil's international assets of interest to the bunker industry include Lukoil Bulgaria , a key supplier of marine fuel in the Black Sea. Ship & Bunker News Team To contact the editor responsible for this story email us at [email protected] Also in the News ClassNK Launches First Ship Construction Carbon Footprint Notati