OFSI issues Bulgarian Lukoil GL

14 November 2025

OFSI issues Bulgarian Lukoil GLSvet foto/Shutterstock.com

The UK has issued GL INT/2025/7895596, authorising transactions with 2 Bulgarian subsidiaries of Lukoil: Lukoil Bulgaria EOOD and Lukoil Neftochim Burgas AD - publication notice.

Lukoil was sanctioned by the UK in October 2025. The general licence extends to any subsidiary of the 2 Bulgarian subsidiaries and permits transactions under existing contracts, and under any new contracts. The licence expires on 14 February 2026.

OFSI has also published new FAQ 173 setting out the scope of the GL. All UK GLs are on our UK Licensing page.

Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

More

Footer