The US Treasury allowed until December 5 energy transactions with sanctioned banks of the Russian Federation, follows from the general license issued by the department. Previously, operations had to stop until June 24. The list of those who are allowed to operate includes the Central Bank of the Russian Federation, VEB, Otkritie, Sovcombank, Sberbank, VTB, Alfa-Bank.
“For the purposes of this general license, the term ‘related to energy carriers’ means: extraction, production, refining, liquefaction, gasification, regasification, conversion, enrichment, manufacture, transportation or purchase of oil, including crude oil,” reads the document. The exemptions also apply to operations involving LNG, petroleum products and natural gas, coal, timber and uranium, and “the production, transmission or exchange of energy by any means, including nuclear, thermal and renewable sources.”
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