U.S. Treasury Allows Transactions Involving Russian Crude Oil Loaded After March 12

© изображение сгенерировано ИИ

The U.S. Treasury Department has authorized certain transactions involving Russian crude oil and petroleum products by issuing a new general license through the Office of Foreign Assets Control (OFAC). The document was published on the official website of the U.S. Treasury.

Under License No. 134A, the delivery and sale of Russian-origin crude oil and petroleum products are permitted, provided that the cargo was loaded onto seagoing vessels starting from March 12, 2026. This effectively opens the door for a limited trade of these energy resources on the international market.

However, the license includes several strict restrictions. It does not cover transactions involving individuals or entities located in Iran, North Korea, Cuba, Crimea, or regions subject to U.S. sanctions regimes. Transactions with companies owned by, controlled by, or participating in joint ventures with these entities are also prohibited.

The document clarifies that any transactions violating these conditions remain subject to sanctions.

Earlier, Russian presidential spokesman Dmitry Peskov had noted that Moscow and Washington show mutual interest in easing restrictions imposed on the Russian oil industry, as their economic interests in this area overlap to some extent.