On April 17, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued Russia‑related General License 134B (“GL 134B”), extending the duration of General License 134A, which authorized certain transactions involving crude oil and petroleum products of Russian Federation origin that had already been loaded onto vessels. As with GL 134A, GL 134B authorizes transactions that are ordinarily incident and necessary to the sale, delivery, or offloading of Russian‑origin crude oil…
On April 14, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License Nos. 128C and 130A (“GL 128C” and “GL 130A”, respectively), further extending prior authorizations relating to certain transactions involving certain subsidiaries of Public Joint‑Stock Company Oil Company Lukoil (“Lukoil”). As with earlier iterations, these general licenses permit limited, time‑bound transactions to proceed notwithstanding the designation of Lukoil and certain affiliates as Specially Designated Nationals (“SDNs”). We…
On January 29th, a global panel of Baker McKenzie practitioners including former senior officials from the U.S. DOJ and FBI as well as our Global Head of Customs and North America Chair of Trade will present a webinar hosted by our Global Chair and Americas Chief Executive on “Navigating the New Era of National Security Geopolitics & Global Trade”.During this webinar, our panel of experts will share insider perspectives on emerging trends and enforcement priorities,…