US Developments
US Authorizes Sale and Import of Russian Diesel Fuel
On October 9, the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued Russia-related General License (“GL”) No. 135, which authorizes transactions related to the sale, delivery, offloading, or importation, including importation into the US, of Russian diesel fuel, until April 7, 2027. In a post on Truth Social, President Donald Trump said he held a discussion with President Vladimir Putin and stated that Russia agreed to immediately supply more than 300,000 metric tons of diesel to US and global markets, another 500,000 tons in November, and one million tons immediately thereafter.
The authorization comes as US diesel prices remain at near-record highs and appears at odds with US efforts to target Russia’s energy sector. In October 2025, the Trump administration sanctioned two Russian oil majors to pressure Russia to end the war with Ukraine. Last month, President Trump signed the Lindse