The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has issued a new license that allows for the supply and sale of Russian oil and petroleum products already loaded onto vessels as of April 17, 2026.
The relevant document is published on the OFAC website.
“The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury issues General License No. 134B “Authorizing the Supply and Sale of Crude Oil and Petroleum Products of Russian Origin Loaded on Vessels as of April 17, 2026,” the statement reads.
It is noted that the license will be valid until 00:01 Eastern Daylight Time (07:01 Kyiv time) on May 16, 2026.
The agency clarified that the document also allows all operations that are usually required for the sale, transportation, and unloading of this crude oil or petroleum products.
- operations for safe mooring and anchoring of vessels;
- measures to protect the health and safety of crew members;
- emergency repairs and environmental measures;
- ship management services, crewing, bunkering, pilotage This is a special service provided by a sea or river pilot, which consists of advising the ship's captain on safe navigation on difficult sections of the route. , registration, insurance, flagging, classification and rescue operations.
The license applies to Russian raw materials, including those produced by companies subject to sanctions under US regulations on restrictions on the harmful foreign activities of the Russian Federation or sanctions related to Ukraine/Russia.
At the same time, the license does not allow any transactions involving individuals or companies associated with Iran, North Korea, or Cuba, as well as with the temporarily occupied territories of Ukraine (in accordance with EO 14065) . Executive Order (EO) 14065, signed by the President of the United States on February 21, 2022, is entitled “Blocking the Assets of Certain Individuals and Prohibiting Certain Transactions in Relation to Russia's Continued Efforts to Undermine the Sovereignty and Territorial Integrity of Ukraine.” It was issued in response to the Russian Federation's recognition of the so-called “Donetsk People's Republic” (DPR) and the “Luhansk People's Republic” (LPR). and EO 13685 Executive Order No. 13685 is an executive order of US President Barack Obama, signed on December 19, 2014, which significantly strengthened sanctions against the Russian Federation in response to the occupation of Crimea. , this concerns certain areas of the Donetsk and Luhansk regions and Crimea). The restrictions also apply to companies owned, controlled, or in joint projects with such persons.
In addition, any other transactions subject to other U.S. executive orders are prohibited, including transactions involving Iran, its government, or goods and services of Iranian origin under sanctions regulations (31 CFR part 560).