London Extends Licence for Transactions with Lukoil's Bulgarian Companies to 26 February 2027
British authorities have extended the validity of the licence for operations with Lukoil's Bulgarian subsidiaries and with Lukoil International GmbH. This reduces the risk of sanctions-related disruptions to the company's foreign business over the coming months.
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The UK's Office of Financial Sanctions Implementation has issued a licence extending the authorisation for transactions with Lukoil's Bulgarian entities to 26 February 2027. The previous deadline was 29 October 2026.
The same date now also applies to the authorisation for operations with Lukoil International GmbH, through which the company holds its foreign assets.
The extension gives counterparties and the entities themselves more time to operate under current conditions and reduces uncertainty around the Bulgarian assets. However, this is a temporary authorisation rather than a lifting of restrictions, so the question of the long-term fate of these assets remains open.
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Media · RU · published Oct 28, 12:04