End Russian Oil Windfalls Act
To nullify Russia-related General License 133, "Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 5, 2026 to India", and Russia-related General License 134A, "Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 12, 2026", and for other purposes.
This bill, known as the End Russian Oil Windfalls Act, aims to eliminate two specific licenses that allow the sale of Russian crude oil and petroleum products. These licenses, General License 133 and General License 134A, permit the delivery and sale of Russian oil loaded on vessels before certain dates to India. The goal is to prevent Russia from profiting from oil sales during its conflict with Ukraine.
The bill would affect international trade by restricting the sale of Russian oil, which could impact countries that rely on these oil imports, including India. It would also impact the U.S. by reducing financial support for Russia's war efforts and potentially increasing global oil prices. This bill was introduced in the House on April 9, 2026, and has been referred to the Committee on Foreign Affairs and the Committee on the Judiciary for further review.
As of now, the bill is in its early stages of the legislative process. After being introduced and referred to the appropriate committees, it will undergo review, possible amendments, and voting before it can move forward. The key actions so far include its introduction and referral to the committees tasked with examining its provisions.
