Who Won from Russia Sanctions Relief?
What happened
promisedocumented The platform promised to restore peace in Europe and put essential American interests first.
- The American Presidency Project: 2024 Republican Party Platform2024-07-08 · Twenty promises, items 7-9; chapters 2, 9, and 10
actiondocumented OFAC issued General License 134B authorizing covered sale, delivery, and offloading transactions for Russian-origin oil already loaded on vessels by April 17 through May 16, 2026.
- Office of Foreign Assets Control: Issuance of Russia-related General License 134B2026-04-17 · General License 134B: authorization for covered sale, delivery, or offloading transactions involving Russian-origin oil loaded by April 17, 2026, through May 16, 2026
outcomedocumented General License 134B expired on May 16 and was replaced and superseded by General License 134C effective May 18. The temporary channel did not identify completed cargo sales, named sellers or purchasers, transaction prices, or realized Russian-state receipts in the cited public record.
- Office of Foreign Assets Control: Issuance of Russia-related General License 134B2026-04-17 · General License 134B: authorization for covered sale, delivery, or offloading transactions involving Russian-origin oil loaded by April 17, 2026, through May 16, 2026
- Associated Press: US extends waiver on Russian oil sanctions to ease Iran war shortages despite Bessent denial2026-04-18 · Thirty-day license, prior public denial, market rationale, and unquantified effect on Russian exporters
- Office of Foreign Assets Control: Russia-related General License 134C2026-05-18 · Paragraph (c): General License 134B expired May 16, 2026 and was replaced and superseded by General License 134C effective May 18, 2026
administration responsereported Treasury said the earlier India waiver covered stranded cargo and would not provide significant financial benefit to Russia. Cargo values, discounts, taxes, and seller ownership are insufficient for a defensible revenue estimate.
- Associated Press: A boost for Moscow in the shadow of Iran war: US allows India to buy Russian oil for a month2026-03-06 · Estimated 125 million barrels eligible; Treasury response that benefit to Russia would not be significant
People and organizations
- Ukraine and sanctions-enforcement interestsaffected party
Assessment
General License 134B relaxed transaction prohibitions for a bounded class of Russian-origin cargoes through May 16, 2026, and General License 134C superseded it on May 18. The available evidence names no completed counterparties, quantifies no captured value, and does not show the licenses lifting broader Russia sanctions.