The U.S. Senate Committee on Banking, Housing and Urban Affairs published a statement from Ranking Member Elizabeth Warren, joined by Senate Foreign Relations Committee Ranking Member Jeanne Shaheen, urging the Trump administration not to renew General License 134C when it expires on June 17, 2026. The senators framed the issue as continued sanctions relief for Russia, arguing that an extension would allow Russian oil sales to continue and provide additional revenue to the Kremlin while the war in Ukraine continues. The statement also linked the request to President Donald Trump's reported remarks that the license should not be renewed. Warren and Shaheen argued that another extension would contradict the administration's stated rationale for the waivers, which they said was to limit energy market disruption tied to the war with Iran, and they contended that previous extensions had instead increased costs for U.S. consumers, benefited Russia and weakened pressure on President Vladimir Putin to accept a peace deal.
U.S. Senate Committee on Banking, Housing and Urban Affairs2026-06-16
U.S. Senate Committee on Banking, Housing and Urban Affairs publishes statement urging Trump administration not to extend Russia sanctions relief after June 17 expiry
The U.S. Senate Committee on Banking, Housing and Urban Affairs published a statement from Elizabeth Warren and Jeanne Shaheen urging the Trump administration not to renew General License 134C after its June 17, 2026 expiry. They argued that extending the waiver would keep Russian oil sales flowing, bolster Kremlin revenues and undermine pressure on Russia over the war in Ukraine. They also said another renewal would conflict with the administration's stated justification for the sanctions relief.