US allows energy transactions with sanctioned Russian banks ...News

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US allows energy transactions with sanctioned Russian banks
Certain limited activities have been authorized until December 5, the Treasury Department says The US Treasury Department on Tuesday issued a general license authorizing energy-related transactions with sanctioned Russian banks through December 5. The previous license was due to expire on June 24. According to the document, published on the department’s website, transactions will be allowed with Vnesheconombank, Otkritie, Sovcombank, Sberbank, VTB, Alfa-Bank, and the Central Bank of Russia. “For the purposes of this general license, the term ‘related to energy’ means the extraction, production, refinement, liquefa

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