US Treasury allows some payments to Russian entities for internet services
What happened
The US Treasury Department has issued a new license that allows certain transactions with Russian entities related to internet-based communications. This means US companies can continue to provide services like instant messaging, social media, and email to people in Russia, even if those services involve sanctioned entities.
Why it matters
Sanctions usually block all transactions with designated entities, making it difficult to provide basic services. This license carves out an exception for internet communications, which are often essential for people to access information and communicate. It signals a strategic choice to maintain some digital connections with Russia, rather than a complete blackout.
The signal
Watch for any further clarifications or expansions of this license, especially if it includes other types of digital services or specific Russian technology companies.