OFAC has issued Russia-related General License 134, titled "Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 12, 2026." This license provides a specific carve-out from sanctions, permitting transactions related to the delivery and sale of Russian crude oil and petroleum products that were loaded onto vessels prior to or on March 12, 2026.

Regulated entities involved in the import, export, or transportation of crude oil and petroleum products should review General License 134 to understand the specific conditions and limitations under which these transactions are authorized. Compliance with the terms of the license is mandatory to avoid potential penalties. No specific compliance deadline is mentioned, as the license is effective immediately upon issuance.