US OFAC authorises sale of Russian oil loaded before April 17
Cargoes must prove loading date to qualify for sanctions exemption
Change
US OFAC issued General License 134B allowing delivery and sale of Russian-origin oil loaded on or before April 17, 2026.
Why it matters
Transactions are permitted only where counterparties can verify loading timelines, placing documentation and compliance checks on all intermediaries.
Implications
- — Eligible cargoes can be sold — conditional compliance required
- — Documentation mandatory — proof of loading required
Who is affected
- — Traders
- — Insurers
What to watch
- — Expiry or extension of licence