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.