Free Trial

US to Allow Some Russian Energy Bank Transactions

ENERGY

The US will allow some energy transactions with Sberbank, VTM-bank and several other Russian entities until December 5 according to the US Department of Treasury today.

  • The US has banned imports of Russian fossil fuels it has allowed bank transactions on Russian oil and gas sent to European countries to continue, allowing those nations time to transition off Russian energy and into alternative sources of fuel and electricity.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.