USA have named the date of commencement of the new sanctions against Russia
Restrictions on funding of Russian banks and companies in the oil and gas sector under the new us law on sanctions enters into force on 28 November. This was reported on the website of the U.S. Treasury.
A law adopted by Congress and signed by President Donald trump, reduces the maximum term of financing of Russian banks under sanctions, up to 14 days, and companies in the oil and gas sector — up to 60 days.
“The previous version of the Directive 1 prohibited the same actions, but with loan term more than 90 days (version of 16 July 2014) and 30 days (the version of 12 September 2014)”, — stated in the message. Henceforth, the term is shortened to 14 days.
Term of financing of companies in the energy sector of Russia, which was included in the sanctions list, according to the updated version 2 of the Directive of 29 September 2017, reduced from 90 days (which was envisaged in the version of Directive of 16 July 2014) to 60.
Directive 1 reglamentary of funding constraints in the banking sector of Russia, the Directive 2 — limitations of the energy sector.
Trump has signed the law on new restrictive measures against Russia on 2 August.