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CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

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UK MAR MANUFACTURING PMI 50.3 (FLASH 49.9); FEB 47.5

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US Extends License For Energy-Related Transactions With Russia

OIL

The US has extended a license allowing transactions related to energy for Russian banks subject to US sanctions until 15 May 2023.

  • The US allows some energy-related transactions with several Russian banks to continue until May 2023, the Treasury Department said on Thursday.
  • Banks that have received an extension in the license are Central Bank of Russia, Sberbank, VTP Bank, Alfa-Bank and others.
  • On 5 December, the G7 price cap on Russian crude oil imports will come into effect, applicable for all Russian seaborne crude vessels that loaded after 5 Dec and unloaded at destination after 19 Jan 2023.
Energy BulletsCommoditiesUS
Energy BulletsCommoditiesUS

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