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US Treasury Department Allows Companies to Do Business With Russia's FSB

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US Treasury Department Allows Companies to Do Business With Russia's FSB

2017-02-02 14:55:52

On Thursday, The Treasury Department said that it will allow for some companies to do limited with business with Russia's Federal Security Service, also known as the FSB. The decision is placing a minor easing of a sanction that was put in place at the end of the Obama administration that limits business to $5,000 for any calendar year. On Thursday, President Donald Trump denied that he had eased sanctions on Russia. These sanctions had the unintended consequence of preventing US businesses from being able to pay some necessary trade-related costs to the Russian government.

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