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US Treasury extends general license on Russia’s Sakhalin-2 oil and gas project

US Treasury extends general license on Russia’s Sakhalin-2 oil and gas project

FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque/File Photo

The U.S. Treasury Department on Wednesday extended a Russia-related general license authorizing some transactions with the Sakhalin-2 oil and gas project.

The general license authorizes the transactions through 12:01 a.m. ET on December 19, 2025.

 

(Reporting by Kanishka Singh and Ismail Shakil)

 

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