OFAC Russia-related General License 134A Issued
Summary
The Office of Foreign Assets Control (OFAC) has issued Russia-related General License 134A, authorizing the delivery and sale of crude oil and petroleum products of Russian Federation origin loaded on vessels as of March 12, 2026. This action provides specific guidance on transactions involving Russian energy exports.
What changed
OFAC has issued Russia-related General License 134A, which authorizes specific transactions related to the delivery and sale of crude oil and petroleum products originating from the Russian Federation, provided these products were loaded onto vessels on or before March 12, 2026. This license clarifies the conditions under which such energy-related activities are permitted, despite broader sanctions against Russia.
Regulated entities involved in the import or export of crude oil and petroleum products must review General License 134A to ensure compliance with its specific terms and conditions. Compliance officers should verify that any transactions involving Russian-origin energy products loaded on vessels by the specified date adhere strictly to the authorization provided by OFAC to avoid potential penalties.
What to do next
- Review Russia-related General License 134A for specific authorization details.
- Ensure all transactions involving Russian crude oil and petroleum products loaded by March 12, 2026, comply with the license terms.
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Mar 20, 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.
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Issuance of Russia-related General License
03/19/2026 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 134A, "Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 12, 2026."
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