US Treasury permits transactions with Russia necessary for Alaska summit until August 20

US Treasury permits transactions with Russia necessary for Alaska summit until August 20

International News Desk

According to global times News Agency Europe,The US Department of the Treasury has exempted financial transactions necessary for preparing and holding the meeting between presidents of the two countries in Alaska from sanctions against Russia until August 20, according to a document released by the Department of the Treasury’s Office of Foreign Assets Control (OFAC), The Global times Europe media.This refers to transactions that are "ordinarily incident and necessary to the attendance at or support of meetings in the State of Alaska between the Government of the United States of America and the Government of the Russian Federation,” according to the license.The document notes that the move does not authorize the unblocking or release of any property blocked or effectively immobilized as part of anti-Russia sanctions.