The sanctions against the energy and banking sectors of Russia’s economy, which were imposed for its aggression against Ukraine, came into force, according to the statement of U.S. Treasury Department, ET reports.
The Office of Foreign Assets Control of U.S. Treasury Department published the renewed instruction on application of the restrictions, related to Ukraine and Russia.
“The changes relate to the amendments to Directive 1 and Directive 2, related with Ukraine and Russia, which were approved on 29 September 2017”, they noted in U.S. Treasury Department.
It should be reminded that it refers to strengthening of sanctions against the energy and banking sectors of Russia’s economy.
The restrictions are imposed on the terms of financing of Russian companies, placed under sanctions, by U.S. legal entities and individuals as well as from U.S. territory.
For such Russian companies from the energy sector, the period, for which the loans can be disbursed, will decrease to 60 days from current 90, and for the companies from the financial sector – to 14 days from current 30.
