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UK Extends General Licence Allowing Transactions with Lukoil’s Bulgarian Subsidiaries Until February 2027
The United Kingdom has extended a general licence permitting certain transactions with four Bulgarian subsidiaries of Russian oil company Lukoil, allowing authorised business activities to continue until 26 February 2027. The extension, announced by the Office of Financial Sanctions Implementation (OFSI) on 28 October 2026, provides additional time for businesses and financial institutions to maintain permitted operations despite UK sanctions affecting the wider Lukoil group.
3 hours ago3 min read
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