Global Trade Alert
Global Trade Alert

United States of America: OFAC authorises temporary transactions for Russian crude oil and petroleum products

Announcement

12 Mar 2026

In March 2026, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 134 authorising certain transactions related to Russian-origin crude oil and petroleum products loaded on vessels before 12 March 2026.

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

12 Mar 2026

Revocation date:

11 Apr 2026

Updated: 19 Mar 2026
Foreign customer limit In force

Recent update from 19 Mar 2026:

On 19 March 2026, OFAC superseded General License 134 with General License 134A to explicitly exclude transactions involving North Korea, Cuba, and the Covered or Crimea regions of Ukraine, in addi...

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Updated: 19 Mar 2026
Controls on commercial transactions and investment instruments In force

Recent update from 19 Mar 2026:

On 19 March 2026, OFAC superseded General License 134 with General License 134A to explicitly exclude transactions involving North Korea, Cuba, and the Covered or Crimea regions of Ukraine, in addi...

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