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Bloomberg: US quietly asks some banks to keep working with Russia

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The U.S. Treasury and the State Department have reportedly asked major American banks, including JPMorgan and Citigroup, not to refuse to cooperate with "certain strategic Russian companies" to minimize the adverse effects of sanctions, Bloomberg reported on Nov. 7.

According to the story, officials called on banks not to refuse to provide "basic services," such as money transfers and conversion into dollars, to companies that are not directly targeted by sanctions, such as Gazprom, Uralkali, and PhosAgro.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The Kyiv Independent’s Oleksiy Sorokin sits down with Daria Kaleniuk, executive director of Ukraine’s Anti-Corruption Action Center, to discuss Ukraine’s biggest wartime corruption scandal, which involves people from President Volodymyr Zelensky's circle and several government officials.

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