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

by Mike Robinson

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© Reuters. FILEPHOTO: A crowd passes the Russian Sberbank Europe AG headquarters bank in Vienna, Austria on February 28, 2022. REUTERS/Leonhard Foeger/File Photo

BOSTON (Reuters), – On Tuesday, the U.S. Treasury stated that it issued a general license authorizing winding down transactions involving SB Sberbank Kazakhstan & Sberbank Europe AG up to July 11.

Last week, the United States announced new sanctions against Russian financial institutions such as Sberbank.

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