Know what to expect before your surety asks for it. Join Michael D. Easton, president of Star USA, and Travis Smith, President of Trade Risk Guaranty, as they explore how customs bond requirements are changing, driven by tariffs, enforcement shifts, and…
OFAC: Treasury Issues Temporary License for Russian Oil Shipments to India
OFAC: Treasury Issues Temporary License for Russian Oil Shipments to India
March 17, 2026/
The Office of Foreign Assets Control announced a temporary authorization allowing certain transactions tied to Russian oil exports to India. The measure provides limited relief for shipments that were already in progress before early March, offering clarity to companies navigating existing sanctions rules.
Under General License 133, transactions that are ordinarily incident and necessary to the sale, delivery, or offloading of Russian crude oil and petroleum products to India are permitted if the cargo was loaded onto vessels before 12:01 am Eastern Time on March 5, 2026. The authorization is time limited and is set to expire at 12:01 am Eastern Time on April 4, 2026.
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