U.S. Issues New License for Russian Oil Sanctions

KuCoinFlash

Release Time: 03/19/2026 23:15:42

Summary

U.S. CFT measures shifted as the Treasury issued a new general license for Russian oil. Effective March 20, the policy permits the sale of crude oil and petroleum products loaded before March 12. The exemption is valid until April 11, 2026, and does not apply to North Korea, Cuba, or Crimea. The move aims to stabilize energy prices amid regional tensions, potentially boosting risk-on assets.

BlockBeats report: On March 20, the U.S. Department of the Treasury announced the issuance of a new general license related to Russia, permitting the delivery and sale of Russian-origin crude oil and petroleum products that were loaded onto vessels prior to March 12. This authorization remains valid until 00:01 Eastern Daylight Time on April 11, 2026.

Although the main terms remain consistent with the license issued previously (March 12), the exemption released on Thursday explicitly excludes transactions involving North Korea, Cuba, and Crimea. The temporary easing of sanctions on Russian oil is part of the Trump administration’s effort to curb energy prices elevated by the Middle East conflict. (Jin10)

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