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

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

FILE PHOTO: People pass the logo of the Russian Sberbank
FILE PHOTO: People pass the logo of the Russian Sberbank Europe AG bank headquarters in Vienna

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.

(Reporting by Chris Gallagher; Editing by Katharine Jackson)

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