US OFAC authorises Russian crude sales to India through April 3, 2026
→Refinery buyers must complete sale of Russian-origin cargoes loaded by Mar 5 by Apr 3
Change
US OFAC authorised delivery and sale of Russian-origin crude loaded on vessels as of March 5, 2026 to India; authorisation expires April 3, 2026.
Why it matters
US OFAC authorised transactions from vessels blocked by other sanction regimes. Sales to destinations other than India remain unauthorised under the licence.
Implications
- — Refinery buyers must complete purchases by Apr 3, 2026 or lose US OFAC cover.
- — Cargo owners must complete sales to Indian buyers by Apr 3, 2026 or shipments remain unauthorised.
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Source
View on Economic Times