US Treasury allows transactions with Russia's largest bank, Sberbank, for energy-related payments

The US Treasury Department has re-issued a license allowing certain transactions with Sberbank, Russia's largest bank. This means US persons can continue to make payments to Sberbank for energy-related goods and services.

The US has imposed broad sanctions on Russia, but it has consistently carved out exceptions for energy payments. This specific license ensures that oil, gas, and other energy transactions can still flow through Sberbank, despite its sanctioned status. It shows the US is balancing its sanctions goals with the need to avoid disrupting global energy markets.