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OFAC Extends LIG License; US Imposes New Tariffs on Russian Goods

1 report, 1 independent Updated Oct 16
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

The Office of Foreign Assets Control (OFAC) extended a general license for transactions related to Lukoil International GmbH (LIG) on September 18, 2026. Separately, President Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law on September 18, 2026. This act requires sanctions on certain Russia-related parties and introduces tariffs of up to 500% on goods imported from Russia.

From mondaq.com

Why it matters

Some supportBrind's analysis of the reports

The new US law provides authorities for imposing sanctions on Russia-related parties and establishes significant tariffs on Russian imports. Additionally, OFAC extended authorization for certain transactions involving LIG, which is related to Lukoil.

From mondaq.com

Who's involved

  • Hans PeterWas removed from the SDN List by OFAC on September 16, 2026
  • LIGReceived an extended general license for its operations
  • LukoilIs involved in transactions covered by the extended general license for LIG

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • LukoilSpeculative

    Lukoil might face increased costs or restricted sales due to the new tariffs and sanctions imposed by the US

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The entities involved

Coverage

Newest first; wire copies grouped