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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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As Russia bombards Ukraine with Shahed drones almost every night, the 12th Army Aviation Brigade takes to the skies in decades-old helicopters to intercept them. The Kyiv Independent’s Kollen Post joined the pilots to understand how they fly, maneuver, and shoot down drones in darkness — and what keeps them going.

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