Russia is procuring second-hand machine tools from China to boost its weapons production amidst ongoing Western sanctions. These tools, including 20-30-year-old high-precision Tsugami machines, are being acquired through covert means to evade sanctions. Despite more than two years of punitive measures, cunning businesses are facilitating these transactions. The Center for Advanced Defense Studies has identified these shady schemes. Additionally, China has authorized small banks in its northeast region to facilitate payments for Russia. This move comes after the U.S. imposed sanctions on the only Russian bank branch in China. President Vladimir Putin's recent visit to China has also helped secure alternative payment methods for the two countries. China has provided microchips, machine tools, and other dual-use components to support Russian factories.
Russia, China find payments workaround as US sanctions net widens - Reuters
#Russia, #China find payments workaround as US sanctions net widens, sources say https://t.co/9kLu5kAvRj
Russia, China find payments workaround as US sanctions net widens, sources say https://t.co/xG4KeGg2IT
Russia, China find payments workaround as US sanctions net widens, sources say https://t.co/UFr0y3WGg6 via @Reuters
FOLLOWING US SANCTIONS ON VTBโS SHANGHAI BRANCH, RUSSIA AND CHINA HAVE SET UP SPECIALLY AUTHORIZED BANKS IN BORDER REGIONS, ALLOWING RUSSIAN FIRMS TO OPEN NON-RESIDENT ACCOUNTS WITH CHINESE BANKS TO MAINTAIN TRADE FLOWS, SOURCES REVEALED
#Russia-China trade options have narrowed since the US imposed #sanctions on the only Russian bank branch in #China, but President Vladimir Putinโs Chinese visit has helped ensure the two countries have payment alternatives for now, three sources say. https://t.co/lFKd42B0Ld
Russia-#China trade options have narrowed since the U.S. imposed sanctions last week on the only Russian bank branch in China, but Putin's Chinese visit last month has helped ensure the two countries have payment alternatives for now, three sources said. https://t.co/ZRP8VpaWfm
Unlike N Korea or Iran, China apparently has not been supplying Russia with munitions, but it has provided microchips, machine tools and other dual-use components that have enabled Russian factories to keep manufacturing weapons for use against Ukraine. https://t.co/ov4D8JaXLs
๐ต RUSSIA, CHINA FIND PAYMENTS WORKAROUND AS US SANCTIONS NET WIDENS, SOURCES SAY Russia-China trade options have narrowed since the U.S. imposed sanctions last week on the only Russian bank branch in China, but President Vladimir Putin's Chinese visit last month has helpedโฆ https://t.co/yfFn0ZZeC6
โ ๏ธ CHINA AUTHORISES SMALL BANKS IN NORTHEAST CHINA TO FACILITATE RUSSIA PAYMENTS, SOURCES SAY
Russia is buying up used foreign equipment in China through intermediaries to increase weapons production for the war with Ukraine, the Financial Times writes, citing the Center for Advanced Defense Studies (C4ADS) think tank. The center's analysts have identified shady schemesโฆ https://t.co/VXwnEhogQE
Despite more than two years of Western punitive measures, #Russia is still getting its hands on prohibited goods, with the help of cunning businesses that go to great lengths to dodge the embargo. https://t.co/XgoUnOZBft
Despite more than two years of Western sanctions, Russia is still getting its hands on prohibited goods, with the help of cunning businesses that go to great lengths to dodge the embargo. โคต๏ธ https://t.co/8O5WOS9pJT
๐ค Russia is buying old foreign equipment from China to increase weapons production to continue its war against Ukraine, - Financial Times. โ๏ธ20-30-year-old machines with numerical software control. Moscow company purchases Japanese high-precision Tsugami machines throughโฆ https://t.co/xWQczLkBhA
๐บ๐ธ Russia Scours China For Second-Hand Machine Tools Needed To Make Arms โซCovert bid to dodge sanctions โซCustom files lay evidence trail โซKremlin seeks 'whatever it can get' โซ@xtophercook @maxseddon @chloencornish & Toru Tsunashima #frontpagestoday #USA @FT ๐บ๐ธ https://t.co/mUTb8KBmqu