The U.S. Treasury Department’s Office of Foreign Assets Control, or OFAC, has immediately issued a temporary general license allowing Russian diesel to be supplied to global markets, according to a ChainCatcher newsflash. The brief item did not provide additional details on the scope of the license, its duration, or how the authorization will be implemented. No further information was disclosed in the source regarding affected entities, volumes, or any related compliance terms. The update was published by ChainCatcher under the market analysis category.
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has immediately issued a temporary general license to allow Russian diesel to be supplied to global markets, according to ChainCatcher.
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