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

Published by Global Banking & Finance Review

Posted on June 18, 2025

1 min read

· Last updated: January 23, 2026

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

US Treasury Extends License for Sakhalin-2 Oil and Gas Project

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)

Key Takeaways

  • US Treasury extends Sakhalin-2 license until December 2025.
  • The extension allows certain transactions with Sakhalin-2.
  • Sakhalin-2 is a significant oil and gas project in Russia.
  • The decision impacts US-Russia economic relations.
  • The license extension was reported by Reuters.

Frequently Asked Questions

What did the US Treasury Department do regarding Sakhalin-2?
The U.S. Treasury Department extended a general license authorizing some transactions with the Sakhalin-2 oil and gas project.
Until when is the general license for Sakhalin-2 valid?
The general license authorizes transactions through 12:01 a.m. ET on December 19, 2025.
Who reported on the extension of the Sakhalin-2 license?
The information was reported by Kanishka Singh and Ismail Shakil.

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