OFAC Russia Oil Sanctions Exemption Expires April 11
Summary
The ABA Banking Journal reports that the OFAC general license exemption for Russia-related oil sanctions is set to expire on April 11. This exemption has allowed certain transactions involving Russian oil to continue under specific conditions. Financial institutions and energy sector participants should monitor OFAC guidance for any extensions or termination of this authorization.
What changed
The ABA Banking Journal Compliance newsbyte alerts readers that an OFAC general license providing an exemption for Russia oil sanctions is scheduled to expire on April 11. This exemption has permitted certain oil-related transactions with Russia to continue under Treasury authorization.\n\nAffected parties—including financial institutions that process energy sector transactions, oil and gas companies engaged in Russia-related commerce, and importers/exporters in the energy supply chain—should prepare for the exemption's termination. Organizations should review OFAC compliance programs, assess Russia oil transaction exposure, and ensure screening procedures account for potential changes to authorized transaction categories once the exemption lapses.
What to do next
- Monitor OFAC announcements for the exemption status
- Review current Russia oil transaction compliance procedures
- Prepare for potential changes to oil-related transaction authorizations
Archived snapshot
Apr 14, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
No Result View All Result
- Topics
- Ag Banking
- Commercial Lending
- Community Banking
- Compliance and Risk
- Cybersecurity
- Economy
- Human Resources
- Insurance
- Legal
- Mortgage
- Mutual Funds
- Payments
- Policy
- Retail and Marketing
- Tax and Accounting
- Technology
- Wealth Management
- Newsbytes
- Podcasts
- Magazine
- Subscribe
- Advertise
- Magazine Archive
- Newsletter Archive
- Podcast Archive
- Sponsored Content Archive
SUBSCRIBE
- Topics
- Ag Banking
- Commercial Lending
- Community Banking
- Compliance and Risk
- Cybersecurity
- Economy
- Human Resources
- Insurance
- Legal
- Mortgage
- Mutual Funds
- Payments
- Policy
- Retail and Marketing
- Tax and Accounting
- Technology
- Wealth Management
- Newsbytes
- Podcasts
- Magazine
- Subscribe
- Advertise
- Magazine Archive
- Newsletter Archive
- Podcast Archive
- Sponsored Content Archive
No Result View All Result No Result View All Result Home Compliance and Risk
OFAC exemption for Russia oil sanctions expires
April 13, 2026 Reading Time: 1 min read The Office of Foreign Assets Control did not extend a one-month exemption on sanctions for Russian oil exports, which expired on April 11.
The sanctions were one of several actions the U.S. and its allies took in 2022 to penalize Russia for the invasion of Ukraine. The sanctions were temporarily lifted by the Trump administration to ease pressure on rising fuel prices following the start of military operations in Iran.
Tags: OFAC Sanctions Share Tweet Pin
Related Posts
ABA, state associations: SCAM Act will reduce consumer fraud losses
Compliance and Risk April 13, 2026 Legislation to hold social media companies accountable for the scam ads appearing on their platforms would reduce consumer fraud losses by targeting “a key entry point” for the crime, ABA and 52 state bankers associations said in a...
ABA recommends credit union regulator pause stablecoin rulemaking
Compliance and Risk April 13, 2026 The National Credit Union Administration should pause setting up a process through which credit unions can seek approval to issue stablecoins through a subsidiary until the agency has proposed other regulatory safeguards for stablecoin issuers, ABA said in...
ABA DataBank: Existing home sales fell 3.6% in March
Economy April 13, 2026 The ABA Office of the Chief Economist sees the decline in existing home sales as driven by continued affordability concerns.
FDIC rescinds guidance on representment NSF fees
Compliance and Risk April 10, 2026 The FDIC rescinded a 2023 financial institution letter that had stated that banks’ charging representment nonsufficient funds fees may be a deceptive or unfair practice under section 5 of the Federal Trade Commission Act.
Factory orders held steady in February
Economy April 10, 2026 New orders for manufactured goods in February increased $300 million from the month prior to $620.1 billion, marking the second consecutive month in which the totals were virtually unchanged.
ABA DataBank: A tradition like no other
Economy April 10, 2026 With the rise of competing professional golf tours, prize money across major tournaments has increased to record levels.
NEWSBYTES
ABA, state associations: SCAM Act will reduce consumer fraud losses
OFAC exemption for Russia oil sanctions expires
ABA recommends credit union regulator pause stablecoin rulemaking
SPONSORED CONTENT
How leading banks are enhancing customer engagement through financial data insights
Check Fraud Is Outpacing Legacy Controls. What Banks Should Evaluate Now.
How top agricultural lenders are approaching AI, automation and innovation in 2026
Top 7 FP&A Trends in Banking for 2026
PODCASTS
Podcast: Capitalizing on opportunities to serve high-net-worth clients
Podcast: Are credit union commercial loans risky business?
Podcast: Risk and strategy in sponsor banking
March 19, 2026
American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA
ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe
© 2026 American Bankers Association. All rights reserved.
No Result View All Result
- Topics
- Ag Banking
- Commercial Lending
- Community Banking
- Compliance and Risk
- Cybersecurity
- Economy
- Human Resources
- Insurance
- Legal
- Mortgage
- Mutual Funds
- Payments
- Policy
- Retail and Marketing
- Tax and Accounting
- Technology
- Wealth Management
- Newsbytes
- Podcasts
- Magazine
- Subscribe
- Advertise
- Magazine Archive
- Newsletter Archive
- Podcast Archive
- Sponsored Content Archive
© 2026 American Bankers Association. All rights reserved.
Named provisions
Related changes
Get daily alerts for ABA Banking Journal Compliance
Daily digest delivered to your inbox.
Free. Unsubscribe anytime.
Source
About this page
Every important government, regulator, and court update from around the world. One place. Real-time. Free. Our mission
Source document text, dates, docket IDs, and authority are extracted directly from ABA.
The summary, classification, recommended actions, deadlines, and penalty information are AI-generated from the original text and may contain errors. Always verify against the source document.
Classification
Who this affects
Taxonomy
Browse Categories
Get alerts for this source
We'll email you when ABA Banking Journal Compliance publishes new changes.
Subscribed!
Optional. Filters your digest to exactly the updates that matter to you.