OFAC general license for Russian oil: GL 134B replaces GL 134A
On April 17, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 134B (GL 134B), to replace GL 134A, which had expired six days earlier on April 11. The new iteration of the OFAC general license for Russian oil follows a familiar template: it authorizes the transactions needed to sell, deliver, and offload Russian crude and petroleum...