The US Treasury announced that some of Sberbank’s subsidiaries were removed from the sanctions list. It has been reported TASS Referring to the description of the American department.
According to a document released by the US Treasury, a total of four subsidiaries of Sberbank registered in Kazakhstan were exempted from the sanctions.
US Treasury in December declaration On expanding the list of sanctions against Russia, to which VTB Bank, related companies and Rosbank are added.
Also, the US elongated Permission to conduct energy-related transactions for sanctioned Russian banks until May 16, 2023. The list of sanctions includes the Bank of Russia, Vnesheconombank, Otkritie Bank, Sovcombank, Sberbank, VTB, Alfa-Bank, Rosbank and all institutions in which they hold 50% or more shares.
March 3 DOC, Treasury and DOJ released Recommendations for US banks and foreign trade companies to more effectively deal with the circumvention of sanctions against Russia.