U.S. Treasury issues general license for wind-down of transactions involving Sberbank units

FILE PHOTO: People pass the logo of the Russian Sberbank Europe AG bank headquarters in Vienna

BOSTON – The U.S. Treasury said on Tuesday it was issuing a general license authorizing the wind-down of transactions involving SB Sberbank Kazakhstan and Sberbank Europe AG through July 11.

The United States last week announced a new round of sanctions targeting Russian financial institutions including Sberbank.

(Reporting by Chris Gallagher; Editing by Katharine Jackson)

Related posts

Meet Cracker Barrel’s Chief Marketing Officer Who Made the Decision to Rebrand the Company, Causing $100 Million in Losses

Majority of New Jersey Residents are Struggling Financially According to Poll

New Jersey Files Charges Against GOP Chairman Over $382 Tax Fraud