The U.S. Treasury Department clarified Friday afternoon that Wall Street’s traders and banks can continue to buy and sell Russian oil and gas.
The U.S. Treasury Department clarified Friday afternoon that Wall Street's traders and banks can continue to buy and sell Russian oil and gas.
"In general, energy-related activities — including the purchase, sale, or transport of Russian-origin oil, gas, or other energy-related products by U.S. or non-U.S. persons — remain permissible," Treasury said. The new guidance comes as traders and banks worry about running afoul of U.S. trade laws as world leaders rally against Russian President Vladimir Putin's unprovoked invasion of Ukraine.
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