Russian Oil Sanctions Get Four New License Updates from Treasury
Published Date: 3/2/2026
Rule
Summary
The Treasury Department just made official four special permissions (called general licenses) that let certain business deals with Russian oil projects happen, even though there are sanctions in place. Some of these permissions already expired, but one stays active until April 29, 2026. This update affects companies working with specific Russian energy projects and helps them know exactly what’s allowed and when.
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Key Dates
Department and Agencies
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Previous / Next Documents
Previous: 2026-04088, National Bank Chartering
Starting April 1, 2026, national banks that act like trust companies can now officially do more than just trust-related jobs—they can also take on other non-fiduciary activities. This update clears up old rules and gives these banks more freedom to grow and serve customers better. If you run or work with a national bank, get ready for some fresh opportunities without extra costs or delays!
Next: 2026-04091, Publication of a Belarus Sanctions Regulations Web General License
The Treasury’s Office of Foreign Assets Control (OFAC) officially published a special permission called General License 12, which lets certain blocked aircraft linked to Belarus be used again. This affects specific planes tied to Belarusian officials and companies, allowing some transactions that were previously banned. The license started on November 4, 2025, but it doesn’t unblock any frozen money or other banned deals.