The United States allows certain energy-related transactions with a number of Russian entities until May 2023

The US Treasury has announced it will extend a blanket license that was due to expire next month. This allows certain energy-related transactions with several Russian entities, including Sberbank, VTB Bank, Alfa-Bank and the Central Bank of Russia, to continue until May 14, 2023.

This comes just weeks before the Group of Seven Russian oil price cap on December 5 comes into effect:

Oil update:


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