Search for an article

Select a plan

Choose a plan from below, subscribe, and get access to our exclusive articles!

Monthly plan

$
13
$
0
billed monthly

Yearly plan

$
100
$
0
billed yearly

All plans include

  • Donec sagittis elementum
  • Cras tempor massa
  • Mauris eget nulla ut
  • Maecenas nec mollis
  • Donec feugiat rhoncus
  • Sed tristique laoreet
  • Fusce luctus quis urna
  • In eu nulla vehicula
  • Duis eu luctus metus
  • Maecenas consectetur
  • Vivamus mauris purus
  • Aenean neque ipsum
HomeWorldTrump administration doesn't prolong sanctions loophole for Russian power funds

Trump administration doesn’t prolong sanctions loophole for Russian power funds

Published on

The administration of US President Donald Trump has not prolonged an exemption from the sanctions regime that beforehand allowed transactions with Russian banks associated to power funds.

Supply: European Pravda

Particulars: The so-called Basic License 8L from the US Treasury Division, which expired on 12 March, had permitted transactions "associated to power" with 12 sanctioned Russian banks.

The license specified that the exemption utilized to funds for pure fuel, oil and petroleum merchandise, coal, uranium and associated applied sciences. Primarily, it enabled Russian banks to course of funds for Russian power exports, notably oil.

As of noon on 13 March, the license – initially issued by the Biden administration in February 2022 following Russia's full-scale invasion – had not been renewed by Washington.

White Home press secretary Caroline Leavitt said yesterday that Trump had not confirmed the license renewal. No official feedback on the matter have adopted.

Fox Information journalist Jackie Heinrich reported that Trump's administration had not responded for 2 days concerning the license renewal, suggesting the lapse may need been an oversight.

Nevertheless, her colleague Edward Lawrence, citing an nameless supply, claimed that the non-renewal was "a negotiation tactic to finish the invasion".

A Fox Information supply said that america will "proceed to implement sanctions which stay one of many key levers" for ending the battle in Ukraine.

Background:

  • Final week, US President Donald Trump said that he was contemplating imposing broad sanctions and tariffs on Russia over its full-scale invasion of Ukraine.
  • He additionally not too long ago reiterated that nobody had been as robust on Russia as he had.

Help Ukrainska Pravda on Patreon!

Latest articles

SpaceX efficiently despatched a brand new crew to the Worldwide Area Station

SpaceX efficiently despatched a brand new crew to the Worldwide Area StationThe Falcon 9...

A big-scale accident occurred within the vitality system in Cuba: a part of the nation is with out electrical energy

A big-scale accident occurred within the vitality system in Cuba: a part of the...

Russian missile assault on Kryvyi Rih injures at the very least 12, together with 2 kids

Russian troops attacked a residential space in Kryvyi Rih in Dnipropetrovsk Oblast with ballistic...

More like this

SpaceX efficiently despatched a brand new crew to the Worldwide Area Station

SpaceX efficiently despatched a brand new crew to the Worldwide Area StationThe Falcon 9...

A big-scale accident occurred within the vitality system in Cuba: a part of the nation is with out electrical energy

A big-scale accident occurred within the vitality system in Cuba: a part of the...