US authorizes “energy-related” transactions with sanctioned Russian banks

May 6. (EUROPE PRESS) –

The United States Department of the Treasury on Friday authorized “energy-related” transactions with at least ten sanctioned Russian banks, including the Central Bank of Russia.

The Office of Foreign Assets Control (OFAC) has issued a license that partially lifts and until November 1, 2023 the previous sanctions to these entities as long as they are related to extraction, production, refining and transportation… and including oil and its derivative products, coal, biofuels, uranium or renewable energy.

In addition, it has specified that the rest of the prohibitions are maintained, such as opening or maintaining an account subject to these entities or persons, as well as participating in operations in which they participate.