OFAC extends wind-down for Russian oil cargoes with new General License 134B
The U.S. Treasury issued a new Russia-related general license allowing transactions tied to the sale, delivery and offloading of Russian-origin crude oil and petroleum products loaded by April 17 through May 16.
WASHINGTON, April 17, 2026 — The U.S. Treasury’s Office of Foreign Assets Control on Friday issued Russia-related General License 134B, authorizing transactions ordinarily incident and necessary to the sale, delivery or offloading of Russian Federation-origin crude oil and petroleum products loaded on vessels on or before 12:01 a.m. EDT on April 17, 2026. The authorization runs through 12:01 a.m. EDT on May 16, 2026.
The license applies even where the cargo is on vessels blocked under the cited authorities, and covers related operational services including safe docking and anchoring, crew health and safety, emergency repairs, environmental mitigation, vessel management, crewing, bunkering, piloting, registration, flagging, insurance, classification and salvage.
OFAC said the authorization does not cover transactions involving persons located in or organized under the laws of Iran, North Korea, Cuba, the covered regions of Ukraine or Crimea, or entities owned or controlled by or in joint venture with such persons. It also does not authorize other dealings otherwise barred under sanctions authorities not referenced in the license, including prohibited Iran-related transactions, except as specifically allowed.
General License 134B replaces and supersedes General License 134A, which OFAC said was dated March 19, 2026, and expired on April 11, 2026. OFAC announced the issuance in a recent actions notice published April 17.
Regulatory Actions
Structured data extracted from official sources and validated by sanctions experts