This is a news story, published by Newsweek, that relates primarily to U.S. Treasury's news.
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yuan transactionsNewsweek
•81% Informative
U.S. Treasury's Office of Foreign Assets Control (OFAC ) sanctions against the Moscow Exchange and its subsidiary, the National Clearing Center (NCC) took effect on June 13 .
The license issued by OFAC in August has permitted a wind-down period for limited, specific transactions to continue during a transitional period before the full ban goes into effect on Saturday .
Some industry insiders have warned the deadline could cause even more obstacles in Russian yuan-denominated trade.
VR Score
85
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87
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56
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