The Treasury Department extended sanctions waivers on at least 10 Russian banks, including the Central Bank, to allow energy-related operations as energy costs soar, according to
- General License No. 8I allows Central Bank of the Russian Federation; Vnesheconombank; Otkritie; Sovcombank; Russia’s largest state-owned bank Sberbank; VTB Bank; the country’s top private bank Alfa-Bank; Rosbank; Zenit and Bank Saint-Petersburg to engage in production, refinement, transport, purchase of crude oil, natural gas and petroleum products
- License also allows for operations related to coal, agricultural products used to make biofuels, wood, uranium, development, production of power including nuclear, thermal and renewable ...