U.S. to allow wood imports from Russia

The U.S. Treasury Department suddenly announced that it would allow U.S. companies to continue to conduct energy-related transactions with major Russian banks, including VTB, Sberbank, Alfa Bank and St. Petersburg Bank. According to relevant U.S. documents, the term “energy-related” refers to oil, natural gas, coal mines, wood or agricultural products used to make biofuels, as well as other nuclear energy, thermal energy, renewable energy and other related products. Yes, wood products are included. According to previous executive orders issued by the U.S. government, these operations fall within the scope of sanctions ...