Posted on 03/06/2022 3:13:22 PM PST by marcusmaximus
The U.S. Treasury Department clarified Friday afternoon that Wall Street’s traders and banks can continue to buy and sell Russian oil and gas despite a raft of sanctions against Russia and its largest lenders.
The new guidance comes as traders and banks worry about running afoul of U.S. trade laws as world leaders rally against Russian President Vladimir Putin’s unprovoked invasion of Ukraine.
But Treasury underscored in a post that the U.S. sanctions against Russia’s biggest banks — including VTB Bank — do not apply to energy transactions until June 24. The department also reassured investors that companies that transport Russian energy commodities for sale to the U.S. are also except from the penalties.
“In general, energy-related activities — including the purchase, sale, or transport of Russian-origin oil, gas, or other energy-related products by U.S. or non-U.S. persons — remain permissible,” Treasury said on its website. “The energy sector of the Russian Federation economy itself is not subject to comprehensive sanctions.”
The update from Treasury, which enforces the majority of U.S. sanctions and tariffs, comes amid wide speculation that the U.S. could soon opt to bar Russian energy imports in addition to the raft of already-announced penalties against the Kremlin.
(Excerpt) Read more at cnbc.com ...
This whole thing is a scam.
ugh
Seems like collusion to me...
Now we know why Schumer doesn’t support cutting off U.S. imports of Russian oil and gas.
The first thing they should have stopped was Russian oil and gas but remember the Clowns are running the circus
Okay, Brandon.
Biden’s talking tough about Putin, while dealing with him. Kabuki theater.
Biden and his administration must be making dirty deals behind the scenes.
You have to always remember. 10% for the Big Guy!
When global governing is in mind.. You American peons can figure out how to buy expensive gas..
We dont care.
2015 senator Lugar & Obama were in Ukraine establishing the deal of the bio labs.
RUSSIA, RUSSIA, RUSSIA; always knew it was Brandon and the dems who were in cahoots with old VLAD!
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