U.S. Oil Sanctions: The Russia Card
On March 5, 2026, the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury published a document introducing significant adjustments to U.S. oil sanctions against Russia. General License No. 133 ("GL 133") authorizes, through April 4, 2026, all transactions necessary for the sale, delivery, and offloading of Russian crude oil and petroleum products that were loaded...