On October 9, 2026, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License No. 135, “Authorizing Transactions Related to the Sale, Delivery, Offloading, and Importation of Diesel Fuel of Russian Federation Origin,” temporarily easing sanctions on Russian diesel. The move followed discussions between President Trump and Russian President Vladimir Putin, during which Trump stated that Russia agreed to release hundreds of thousands of tons of diesel into U.S. and global markets. The measure aims to reduce record-high diesel prices amid the ongoing conflict with Iran and Ukrainian attacks on Russian refineries.
The Husch Blackwell International Trade and Supply Chain team will continue to monitor this and provide updates as they become available. If you have any questions or concerns, please contact your Husch Blackwell attorney.