The US Treasury has issued licenses for transactions in the Russian Federation related to food, medicines and fertilizers.
The U.S. Treasury Department says agricultural and medical products are not subject to anti-Russian sanctions. Information about this was published on the department’s website on July 14.
Thus, the Office of Foreign Assets Control (OFAC) issued a general license allowing certain types of transactions related to agricultural products and agricultural equipment, as well as medicines and medical equipment.
The US Treasury explained that the policy of sanctions against Russia does not include agricultural and medical products.
“Agricultural and medical trade is not the subject of sanctions imposed by the United States on Russia for its atrocities in Ukraine,” the agency’s newsletter read.
The document states that the United States “has not imposed sanctions on the production, sale or transportation of agricultural products (including fertilizers), agricultural equipment or drugs related to the Russian Federation.”
At the same time, the Ministry of Finance assured that the United States strongly supports UN efforts to bring both Russian and Ukrainian grain to world markets and reduce the impact of the Russian war against Ukraine on food supplies in world and food prices.
In addition, OFAC temporarily allows transactions with a former Russian subsidiary Gazprom Gazprom Germania GMBH and removed the sanctions from the sanctioned subsidiary Alfa-Bank Alfa-bank Kazakhstan.
Recall that the US clarification about the possibility of exporting Russian food and fertilizer products appeared the next day after representatives of Russia, Ukraine, Turkey and the UN held talks in Istanbul aimed at resume exports of Ukrainian grain.
Earlier it was reported that the European Commission planned to adjust some restrictions in the Russian Federation so as not to impede food exports.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.