The US Treasury Department confirms the expiration of licenses for energy trading with Russian financial institutions

On March 14th, the US Treasury Department confirmed on March 13th local time that the license allowing energy trading with Russian financial institutions has expired as planned on March 12th Eastern Time. It is reported that the Biden administration authorized the license on January 10th to settle remaining transactions, while prohibiting energy financing transactions with Russian banks including Sberbank and VTB. (CCTV News)

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