# 2026-00947: Treasury Greenlights Deals with Russian Oil Giants—But Only Till Spring

2026-00947, Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 129, is a Federal Register rule from Treasury Department, Foreign Assets Control Office published 2026-01-20, effective 2025-10-29 (as of 2026-06-11).

- Canonical: https://policyrisk.com/federal-register/2026-00947
- As of: 2026-06-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-00947
- Title: Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 129
- Type: Rule
- Agencies: Treasury Department; Foreign Assets Control Office
- Citation: 91 FR 2301
- Published: 2026-01-20
- Effective: 2025-10-29
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-11

## In one line

Treasury Greenlights Deals with Russian Oil Giants—But Only Till Spring

## Summary

The U.S. Treasury is giving a special OK for certain business deals with two Russian companies, Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, until April 29, 2026. This means some transactions that were usually banned are now allowed—but only with these companies, not their blocked affiliates. If you’re involved with these firms, you’ve got a clear green light for a limited time to keep things moving.

## Abstract

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GL 129, which was previously made available on OFAC's website.

## Effects PRIA read

- Temporary OK to Deal with Two Firms: benefit, medium. General License 129 authorizes transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations involving Rosneft Deutschland GmbH or RN Refining & Marketing GmbH, and any entity they own 50% or more, through 12:01 a.m. eastern daylight time, April 29, 2026. GL 129…
- Blocked Persons Still Prohibited: cost, low. GL 129 does not authorize any transactions involving any person blocked under the RuHSR, including other blocked affiliates of Rosneft Oil Company, unless those transactions are separately authorized. Transactions with those blocked persons remain prohibited even during the GL 129 authorization per…

## Related documents

- [2026-20683](https://policyrisk.com/federal-register/2026-20683): Notice of OFAC Sanctions Actions, 2026-10-08
- [2026-20526](https://policyrisk.com/federal-register/2026-20526): Notice of OFAC Sanctions Actions, 2026-10-07
- [2026-20525](https://policyrisk.com/federal-register/2026-20525): Notice of OFAC Sanctions Action, 2026-10-07
- [2026-20475](https://policyrisk.com/federal-register/2026-20475): Notice of OFAC Sanctions Action, 2026-10-06
- [2026-20425](https://policyrisk.com/federal-register/2026-20425): Notice of OFAC Sanctions Action, 2026-10-06
- [2026-20395](https://policyrisk.com/federal-register/2026-20395): Notice of OFAC Sanctions Action, 2026-10-06

## Sources
- [2026-00947 on federalregister.gov](https://www.federalregister.gov/documents/2026/01/20/2026-00947/publication-of-russian-harmful-foreign-activities-sanctions-regulations-web-general-license-129)
- [2026-00947 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-01-20/pdf/2026-00947.pdf)

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Source: PRIA, https://policyrisk.com/federal-register/2026-00947 (as of 2026-06-11).