Russian oil firms are experiencing delays of up to several months in receiving payments for crude oil and fuel from banks in China, Turkey, and the United Arab Emirates (UAE), as reported by Reuters on March 27. This development, confirmed by eight sources familiar with the matter, is due to the banks' increased caution over U.S. secondary sanctions. The situation indicates a significant impact on Russia's ability to collect revenues from its oil exports. These delays, attributed to the banks' enhanced sanctions compliance measures, including requests for written guarantees to ensure transactions do not violate sanctions, are expected to reduce Kremlin revenues and contribute to the instability of Russia's economy.
Ru business news 27/Mar/2024: Turkey, UAE and China are delaying payments for Russian oil with the delays being from a few weeks to several months long. https://t.co/iw3nOM9PFh
I continue to wonder about Moscow’s long-term economic prospects: Russian oil firms face delays of up to several months in being paid for crude and fuel as banks in China, Turkey, and the United Arab Emirates become more wary of U.S. secondary sanctions. https://t.co/ul4eFvj4rr
Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more wary of U.S. secondary sanctions. https://t.co/pZ7Ug9UdD7
Reuters reports: Russian oil companies are having difficulty collecting payments from clients in China, Turkey and the United Arab Emirates after banks in those countries stepped up economic pressure over fears of being hit by US sanctions. As a result, Russian oil exporters are…
⚠️👀 "Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and UAE become more wary of U.S. secondary sanctions", - Reuters https://t.co/xdFYKI6T4F
Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates become more wary of US secondary sanctions. /via @Reuters. Banks started to ask their clients to provide written guarantees that no person or…
⚡️#Russia is unable to receive money for oil from #China, #Turkey, and the #UAE due to sanctions, Reuters reports. These delays reduce #Kremlin revenues and make them more unstable, increasing the negative impact of the sanctions. https://t.co/Hq0sAjELfX
⚡️Reuters: Russia facing delays in oil payments from China, Turkey and UAE. Banks in China, the UAE, and Turkey have boosted sanctions compliance leading to Russian oil firms facing months of delays in receiving payments, Reuters reported on March 27.
Exclusive: Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates become more wary of US secondary sanctions https://t.co/g0BfVAAqoN
Exclusive: Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates become more wary of US secondary sanctions. More here: https://t.co/SCxqzNMpqS
Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more wary of U.S. secondary sanctions, eight sources familiar with the matter said. #oott #Russia https://t.co/QlIANOH1sT
Sanctions are starting to impede Russia's oil exports - Bloomberg The Russian oil-export industry, crucial for financing the Kremlin's activities in Ukraine, faces obstacles as Indian oil refiners refuse tankers owned by state-run Sovcomflot PJSC due to sanctions. Since… https://t.co/67lYhbgVVs