Global Trade Alert
Global Trade Alert

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

Announcement

05 Mar 2026

In March 2026, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 133 authorising certain transactions related to the sale and delivery of Russian-origin crude oil and petroleum products to India, provided the cargo was loaded on vessels before 5 March 2026.

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

05 Mar 2026

Revocation date:

04 Apr 2026

Implemented: 12 Mar 2026
Foreign customer limit

On 12 March 2026, OFAC issued General License 134, authorising transactions ordinarily incident and necessary to the sale, delivery, or offloading of Russian-origin crude oil and petroleum products...

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Clarification: 12 Mar 2026
Controls on commercial transactions and investment instruments

On 12 March 2026, OFAC issued General License 134, authorising transactions ordinarily incident and necessary to the sale, delivery, or offloading of Russian-origin crude oil and petroleum products...

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