End Russian Oil Windfalls Act nullifies specific Russian oil licenses and imposes sanctions on Russian persons involved in oil and gas activities.
The End Russian Oil Windfalls Act nullifies Russia-related General Licenses 133 and 134A, which authorized the sale of Russian crude oil and petroleum products to India. It mandates sanctions on Russian persons involved in oil and gas extraction, refinement, or maritime transportation. Exceptions include humanitarian aid and compliance with international obligations. The Act also requires reports on Russian energy companies' involvement in abducting Ukrainian civilians and the impact of the nullified licenses.
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