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The US Treasury Is Teaching Russian Banks How to Make Energy Transactions With Sanctioned Banks
The US Treasury has provided a neat little explanation of how you can do it, complete with flow charts. It's all to do with the carve outs from the sanctions that we've been talking about. So as long as you've got a third country, a non-US non-sanctioned bank between you and your course book,. they can transact energy transactions. The messaging has been quite clear that energy sanctions are off the table for now.