Russian oil companies are facing significant delays, up to several months, in receiving payments for crude oil and fuel from clients in China, Turkey, and the United Arab Emirates. This situation has arisen as banks in these countries have become increasingly cautious due to fears of being hit by U.S. secondary sanctions. The tightening of sanctions compliance by these banks is a response to the heightened enforcement of restrictions aimed at penalizing entities engaging in transactions with sanctioned Russian firms. This development is part of a broader landscape of sanctions against Russia, including its direct oil shipments to North Korea in violation of UN sanctions. These shipments, reportedly in exchange for weapons, signify a deepening of ties between Russia and North Korea, further complicating international efforts to contain both Pyongyang's activities and Russia's energy sector.
The United States should expand its support for the pro-democracy resistance in Myanmar to ensure that the coalition has a viable alternative to China and can push back against malign Chinese pressure. https://t.co/LhKH2DK1oK
To what extent will China’s technological investments offset its growth headwinds? Given China’s centrality within many “green” supply chains, how will advanced industrial democracies simultaneously try to de-risk and accelerate their energy transitions? https://t.co/kmpViflzcy
The "enforcer" Yellen to Warn China Against Flood of Cheap Green Energy Exports https://t.co/XdgfrW2ewk
We'll pour billions into getting this done fast, but since our ability to build infrastructure is broken in a way that will never be addressed (assumption rot, hollow state, etc.), all this extra money will do is facilitate the grift. https://t.co/9VTCFx2E9B
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
In the course of just over a week, three #bomb threats have been made against #ShenYun Performing Arts—a top target of the Chinese communist regime due to the company’s portrayal of “China before communism.” https://t.co/eo9bk7Whbz
BBC News: "China hits out at US and UK over cyber hack claims" https://t.co/K4cS3rggbr
🔴 Mark Carney meets Xi as China woos the West https://t.co/PPX0gxsAyX
Why does America need to focus so much on China and Asia? That’s where the GDP - and thus power - is. Meantime Europe dwarfs Russia. H/t @HoyasFan07 https://t.co/vNcvJRzYbi
President Xi Jinping of China сonvenes with American business leaders in Beijing amidst declining investment https://t.co/HqbUgC7MiP https://t.co/Vo9WgaefWw
Journalists in Manila slam China’s manipulation claims: ‘Barefaced lie’ https://t.co/hcNQhvRAKG
Taiwan commissions 2 new navy ships as safeguards against rising threat from China https://t.co/rMoXJzLCE1
Feb 2024: The US Gov’t confirmed China compromised US-Infrastructure via cyber attacks...to include *TRANSPORTATION* CISA and its U.S. Government partners have confirmed that this group of PRC state-sponsored cyber actors has compromised entities across multiple critical… https://t.co/CM2UMu0npu https://t.co/Flya4EBn2G
Creating technological barriers and severing industrial supply chains would only lead to confrontation, Chinese President Xi Jinping warned, as new Dutch policies on chip exports to China threaten to strain bilateral ties https://t.co/EE7usvJrBI
Several of China’s small and midsize banks have cut interest rates on five-year time deposits to protect their profit margins as expectations grow for a continued decline in lending rates. https://t.co/4OQ4NqUDn1
Another signature of spring: An impressive dust storm is going on right now from the Gobi Desert into northern China, nearing Beijing. Air quality sensors are picking up the increased PM. (🛰️ loop: @CIRA_CSU) https://t.co/gjwwRjepRM
China’s wind turbine manufacturers dominated global supply last year, riding the nation’s renewables installation boom https://t.co/XjqjJLkGPl
...there’s a way to help American workers while having no restrictions on cheap EVs from China or Mexico. 🔌🔌 Find out from David Henderson at #EconLog: https://t.co/5DAMgD0SPR
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…
ICYMI: Russia supplies oil to North Korea as UN sanctions regime nears ‘collapse’ via @FT https://t.co/Qwp5BZVFjy
⚠️👀 "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…
⚡️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
Russia supplies oil to North Korea as UN sanctions regime nears ‘collapse’ via @FT https://t.co/Qwp5BZVFjy
Russia started direct oil supplies to DPRK despite of UN sanctions - Financial Times At least five North Korean tankers have left the port of Vostochny in Russia's Far East this month with oil products, according to satellite images provided to the Financial Times by the Royal… https://t.co/51FrFqJyuo
Russia allegedly supplies oil to North Korea despite UN sanctions https://t.co/LSKdbcBEBB https://t.co/HAEc7y97s4
India buying more US oil amid Russia sanctions Tighter enforcement of the restrictions has reportedly hampered New Delhi’s purchases of Russian crude https://t.co/RhT2K9JPom https://t.co/yuOCTGqEFJ
⚡️ FT: Russia begins ‘arms-for-oil’ trade with North Korea, defies sanctions. Russia is defying U.N. sanctions by supplying North Korea with oil, likely in exchange for weapons, the Financial Times (FT) reported on March 26. https://t.co/ogh5TBGGHC
⚡️#Russia has started direct oil supplies to #NorthKorea, disregarding UN sanctions. In exchange for oil, Russia receives weapons, the Financial Times reported. https://t.co/wRSMHdV48A
Russia has been supplying oil directly to North Korea, in violation of UN sanctions, strengthening ties between the two authoritarian regimes and undermining international efforts to curb Pyongyang's activities. Satellite images revealed that at least five North Korean tankers… https://t.co/noYDHRPq0P
❗️"Russia has started direct oil deliveries to Kim Jong-un's regime in defiance of UN sanctions", - FT 🇰🇵 At least five North Korean tankers left this month with oil products from the port of Vostochny in the Russian Far East. https://t.co/tyB55McXnx
Russia is supplying oil directly to North Korea, defying UN sanctions, in a potential 'arms-for-oil' trade, according to satellite images obtained by the Financial Times. https://t.co/pIqGrGWX4P
Russia has started direct oil shipments to North Korea, ignoring UN sanctions - FT At least five North Korean tankers have been spotted this month en route to the port of Vostochny in Russia's Far East to load oil products. Experts believe the shipments represent a serious… https://t.co/1kTjHoOs0j
#Russia has started supplying oil directly to North Korea in defiance of UN sanctions, further cementing ties between the authoritarian regimes and dealing a new blow to international efforts to contain Pyongyang. #oott https://t.co/xLuuVua7Kh
Sanctions did not prevent the largest oil service company from remaining in Russia The world's largest oil services company SLB has no plans to leave Russia. She plans to continue working in the country, despite pressure from the West, the Ukrainian government and human rights… https://t.co/SS5JEFPvOM
All Indian oil refining companies refuse to accept Russian oil transported on Sovcomflot PJSC tankers due to US sanctions , Bloomberg reports. Earlier, Reuters/Bloomberg reported that the Indian company Reliance refused to import oil by Sovcomflot tankers. “Private and public… https://t.co/G6vmoe0dqX
“All of India’s refiners are now refusing to take Russian crude carried on Sovcomflot tankers due to US sanctions, complicating the trade that has flourished since the invasion of Ukraine.” This is going to speed creation of alternate financial channels. https://t.co/qIa4ky33UD
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
All of India’s refiners are now refusing to take Russian oil carried on Sovcomflot tankers due to US sanctions - Bloomberg
Indian oil refineries have stopped accepting Russian crude oil delivered by tankers operated by Sovcomflot—Russia’s largest commercial shipping company that has been sanctioned by the U.S. https://t.co/k7WEDaFmZl