U.S. Treasury allows Russian diesel transactions through April 2027
Nation10 October, 02:17 AM
The authorization is outlined in General License No. 135, published by
OFAC on Oct. 9.
Transactions involving Russian diesel had previously been
prohibited under sanctions imposed on Russia in early 2022. The exemption will
remain in effect through April 7, 2027.
The license does not authorize the withdrawal of funds from
accounts at U.S. financial institutions that are owned by the Central Bank of
the Russian Federation, Russia’s National Wealth Fund or the Russian Finance
Ministry.
Earlier the same day, U.S. President Donald Trump announced
that he had reached an agreement with Putin to supply millions of tons of
Russian diesel fuel to global markets, saying the move would help lower prices
before the November midterms.
Ukrainian President Volodymyr Zelenskyy condemned the
decision, saying that easing sanctions in exchange for no concessions from
Moscow will only give the Kremlin more resources to attack Ukrainian civilians.