Russian Oil Sanctions: GL 134 Follows GL 133
On March 12, 2026, exactly one week after issuing General License No. 133 (“GL 133”), the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published General License No. 134 (“GL 134”). The new license authorizes all transactions necessary for the sale, delivery, and offloading of Russian-origin crude oil and petroleum products loaded onto vessels on or before March 12,...