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

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXNPEI3B0LF_L.jpg

BOSTON (Reuters) – 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.