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OFAC·General License·Severity: None·14 April 2026

OFAC Issues Russia-related General License 8K Authorizing Certain Energy Transactions

Concurrent with new designations, OFAC issued Russia-related General License 8K, authorizing certain energy-related transactions. This GL replaces GL 8J and authorizes transactions ordinarily incident and necessary to the extraction, production, refining, or transport of oil or gas in Russia, including with specific sanctioned financial institutions. The license is valid through October 12, 2026, providing a structured wind-down period for specified energy operations while maintaining pressure on the Kremlin's revenue streams from other sectors.

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Key facts

Program
Russia EO-14024
Replaces
GL 8J
Authority
OFAC
Action Type
General License
Valid Until
October 12, 2026
Jurisdiction
Russia

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