Regulatory Alerts2026-03-05 | 20260305_33Issuance of Russia-related General License 133 and Amended Venezuela-related FAQ 1238
The Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 133 to authorize the delivery and sale of Russian crude oil and petroleum products loaded on vessels as of March 5, 2026 to India. Concurrently, OFAC released an amended Frequently Asked Question 1238 addressing the resale of Venezuelan origin oil to Cuba. These actions update specific sanctions regimes regarding energy exports to India and Cuba respectively.
Release Date
03/05/2026
Recent Actions Body
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 133 , "Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 5, 2026 to India." OFAC is also issuing one amended, Venezuela-related Frequently Asked Question ( FAQ 1238 ), pertaining to the resale of Venezuelan origin oil to Cuba.