US to strengthen sectoral sanctions against Russia

The United States considers further strengthening of sanctions against the energy and banking sectors of the Russian economy, which were imposed for its aggression against Ukraine, as stated by the US Treasury, Radio Liberty reports.
In a month, on November 28th, restrictions will be imposed on the terms for financing Russian companies under sanctions by the US legal entities or individuals, as well as from within the United States.

For Russian companies in the energy sector, the time during which they can be provided with loans will be reduced to 60 days from the current 90, and for companies under sanctions in the financial sector the time frame will be reduced to 14 days from the current 30.

According to AFP, such large Russian banks as Sberbank, Vnesheconombank, Roseximbank, and VTB Bank, as well as energy giants, including Gazprom, Lukoil, and Transneft, are being affected.

At the same time, according to the updated guidelines of the Office of Foreign Assets Control of the US Treasury, one of the grounds for strengthening restrictions is a recently adopted law on sanctions against Russia, known as the Countering Russian Influence in Europe and Eurasia Act of 2017, or abbreviated CRIEEA.

This act became part of a broader legislative package that also imposed sanctions against Iran and North Korea.

  US, Russia, Sanctions on Russia, sanctions on North Korea

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