Treasury Secretary Scott Bessent confirmed on 16 April that General License 134A will not be renewed, closing a channel worth approximately $150 million per day at $121 Urals crude. Paired with a Treasury statement calling for an immediate Ceasefire. Rosneft and Lukoil were simultaneously redesignated under SDN in a coordinated US, UK, and EU action.
The first dollar-measurable pro-Ukraine action of the Trump administration, routed through Treasury rather than envoy diplomacy.
