The US Treasury has authorized financial transactions involving sub-sanctioned Russian banks until May 15, 2023. The Department’s license will allow US companies to enter into energy-related transactions with banks, the interaction of which is prohibited by the Presidential Decree of the United States. United States.
“All operations prohibited by executive order 14024 involving one or more of the following energy-related entities are permitted until … May 15, 2023”, reads the document published on place American treasure. The license will apply to operations related to extraction, production, refining, gasification and other procedures related to the energy industry.
Such transactions will be permitted, in particular, with Central Bank, Otkritie Bank, Sberbank, Alfa-Bank and other financial institutions that have fallen under US sanctions.
Presidential decree 14024 allows the US to impose sanctions on Russian individuals and entities that, according to US authorities, pose a threat to foreign policy. It is actively used by the American side after the entry of Russian troops into the territory of Ukraine.
