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Home > Headlines > US Treasury extends general license on Russia's Sakhalin-2 oil and gas project

Headlines

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

Published by Global Banking and Finance Review

Posted on June 18, 2025

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WASHINGTON (Reuters) -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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