US Treasury’s OFAC Issues Licence Permitting Russian-Origin Diesel Fuel Imports Until April 7, 2027 - The Tribune
- The U.S. Treasury’s Office of Foreign Assets Control issued a general license allowing certain transactions involving Russian-origin diesel fuel, including imports into the United States, until April 7, 2027.
- The license permits transactions otherwise restricted under U.S. sanctions regulations concerning Russia and Ukraine.
- The authorization does not allow debits from U.S.-held accounts belonging to Russia’s Central Bank, National Wealth Fund, or Ministry of Finance.
- Alexander Novak said Russia’s diesel market was balanced, while Donald Trump said Russia would supply additional diesel to U.S. and global markets.
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US Treasury’s OFAC Issues Licence Permitting Russian-origin Diesel Fuel Imports Until April 7, 2027
Get latest articles and stories on World at LatestLY. According to the document issued by the Treasury's Office of Foreign Assets Control (OFAC), General License No. 135 permits transactions that would otherwise be prohibited under the Russian Harmful Foreign Activities Sanctions Regulations and the Ukraine-/Russia-Related Sanctions Regulations. World News | US Treasury’s OFAC Issues Licence Permitting Russian-origin Diesel Fuel Imports Until Ap…
US Treasury’s OFAC issues licence permitting Russian-origin diesel fuel imports until April 7, 2027 - The Tribune
According to the document issued by the Treasury's Office of Foreign Assets Control (OFAC), General License No. 135 permits transactions that would otherwise be prohibited under the Russian Harmful Foreign Activities Sanctions Regulations and the Ukraine-/Russia-Related Sanctions Regulations.
The license of the Foreign Assets Control Office (OFAC) allows these operations despite sanctions against Russia, but maintains the restrictions on payments through accounts of three financial bodies of the Russian State.
The lifting of sanctions on Russian diesel fuel is unlikely to reduce fuel prices; Trump ' s decision may run counter to the Russian Energy Prohibition Act.
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