U.S. Treasury authorizes certain Russia-related wind-down and derivative transactions
2022.07.22 19:13
FILE PHOTO: The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly/File Photo
WASHINGTON (Reuters) – The U.S. Treasury Department issued two general licenses on Friday authorizing certain transactions related to Russia sanctions.
One license authorizes transactions related to the settlement of credit derivative transactions that reference Russia, according to a notice posted on Treasury’s website.
The license authorizes financial institutions to facilitate and clear such transactions, examples of which include the delivery of debt obligations of Russia, the notice said.
A separate license authorizes, through October 19, wind-down transactions involving securities issued by Russia-based entities under agreements that were entered into before June 6.
