US Treasury allows sanctions waiver on Russian seaborne oil to lapse
The US Treasury has allowed its sanctions waiver on Russian seaborne oil to expire, tightening restrictions on Russian energy exports. This decision, effective May 16, 2026, eliminates one of the last legal avenues for Russian crude to be transported internationally. The expiration of General License 134B follows previous restrictions that have progressively limited financial transactions related to Russian energy.
- ▪The sanctions waiver known as General License 134B expired on May 16, 2026.
- ▪This waiver previously allowed vessels to deliver Russian-origin oil without violating US sanctions.
- ▪The lapse of this waiver is expected to impact global oil markets and potentially cryptocurrency as well.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/16184638/us-treasury-allows-sanctions-waiver-on-russia-s-seaborne-oil-1-800x420.jpeg" alt="US Treasury allows sanctions waiver on Russian seaborne oil to lapse" class="w-full aspect-[19/10] object-cover" /> US Treasury allows sanctions waiver on Russian seaborne oil to lapse The expiration of General License 134B tightens the squeeze on Russian energy exports, with potential ripple effects across global oil markets and crypto. Share Add us on Google by Editorial Team May. 16, 2026 The US Treasury has let its sanctions waiver on Russian seaborne oil cargoes quietly expire, closing one of the last remaining legal windows for Russian crude to move through international shipping channels.
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