U.S. Treasury Confirms Expiry of Russia Energy Transaction License

The U.S. Treasury announced on Thursday that a key license permitting the wind-down of energy transactions with Russian financial institutions has expired as scheduled this week. The move comes under the strict sanctions imposed in the final days of Joe Biden’s presidency, further tightening restrictions on Russia’s energy sector. The expiration is expected to impact global energy markets and financial dealings with Russian banks, as Washington maintains pressure on Moscow over its geopolitical actions.