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Sanctions: US–Russia
Brief
Tracking sanctions and trade restrictions between the US and Russia: dates specific measures are introduced/lifted, affected industries and companies, official sources (US Treasury, EU Council, etc.). Not needed: "what this means" analysis without the actual decision.
Description
US sanctions policy toward Russia is moving in more than one direction at once — easing narrow, targeted restrictions even as new legislative sanctions packages advance — with allied enforcement coordination becoming increasingly formalized.
Licensing Actions
In April 2026, the US Treasury's OFAC issued Russia-related General License 134B, authorizing delivery and sale of Russian-origin crude oil and petroleum products loaded on vessels as of April 17, 2026.
Delisting Actions
On June 24, 2026, the US removed 7 individuals, 2 companies, and 2 vessels from its Russia sanctions list under Executive Order 14024 — including individuals linked to Russian financial institutions and the military, plus two Turkish companies and two cargo vessels — without stating a reason.
Legislative Track
In June 2026, the US House passed a bill (226–195) providing Ukraine aid — over $1 billion in direct assistance and up to $8 billion in defense/reconstruction loans — while imposing new sanctions on Russian financial, energy, and mining sectors. The bill still requires Senate approval.
Enforcement Coordination
On June 23, 2026, the UK and US published joint guidance comparing their sanctions enforcement bodies (OFSI and OFAC) to help businesses navigate both regimes.