US temporarily approves energy transactions with major Russian banks
Pravda Ukraine
The US Treasury Department has allowed operations with Russian banks, including VTB, Central Bank, Sberbank and Alfa-Bank, for energy-related transactions until 1 November 2024.
Source: Radio Liberty, citing a licence from the US Treasury Department
Details: The banks that have received temporary licences are also named banks, such as Otkritie, Sovcombank, Rosbank, VEB.RF, Zenit Bank, and Bank Saint-Petersburg.
The department’s resolution clarified that transactions related to the extraction, production, processing, liquefaction, transportation, or purchase of oil and a range of other energy resources, including LNG, timber, coal, and uranium, would be considered energy-related.
The licence also allows transactions with Russian banks associated with the production, supply, or exchange of energy in any form.
Background:
- Some Russian banks are likely trading gold in the United Arab Emirates and Türkiye to bypass the ban on importing dollars and euros into the country.
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