News Feed

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

0 min read

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.

Avatar
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.

Read more
News Feed
Video

Russia’s takeover of Crimea did not begin in 2014. In the second part of "Crimea: The War Before the War," the Kyiv Independent’s War Crimes Investigations Unit examines how Moscow moved from early pressure to direct attempts to seize Ukrainian territory.

Russia

The unnamed project, lacking a defined team or political platform, seeks to offer an alternative to the Kremlin at a time when Russia's opposition operates largely from abroad and remains fractured, with its ability to influence domestic politics remaining low.

Show More