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The US Treasury allowed settlements for energy resources with a number of Russian banks until December 5

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The US Treasury allowed settlements for energy resources with a number of Russian banks until December 5


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The US Department of the Treasury issued a license to conduct energy settlements with a number of Russian banks that had previously fallen under Western sanctions and were disconnected from the SWIFT international information transmission system.

According to RIA Novosti, these banks included VTB, Sberbank, Alfa-Bank, VEB, Otkritie, and Sovcombank. The license of the American financial regulator expires on December 5, 2022.

Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, said on June 14 that the disconnection of a number of Russian banks from the international system for transmitting information and making payments would undermine confidence in SWIFT, and many countries would reconsider their attitude towards it.

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