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US Extends Sanctions Relief on Russia Banks for Energy Deals

RUSSIA
BulletEM BulletEmerging Market NewsHomepageUS
  • The US Treasury Department renewed a sanctions relief for at least 10 Russian banks, including the central bank, to allow energy-related operations amid rising energy costs, Bloomberg report citing a statement released yesterday evening.
  • Local news flow has otherwise been limited today. Note that Russia celebrates Labor Day tomorrow.
  • There are no economic releases scheduled for today, with the local slate thin for the remainder of the week. Manufacturing PMI data for April (Est: 54.6; Prior: 55.7) is set for release on Thursday and is the only data point of note this week.
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  • The US Treasury Department renewed a sanctions relief for at least 10 Russian banks, including the central bank, to allow energy-related operations amid rising energy costs, Bloomberg report citing a statement released yesterday evening.
  • Local news flow has otherwise been limited today. Note that Russia celebrates Labor Day tomorrow.
  • There are no economic releases scheduled for today, with the local slate thin for the remainder of the week. Manufacturing PMI data for April (Est: 54.6; Prior: 55.7) is set for release on Thursday and is the only data point of note this week.