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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 secondary sanctions (www.reuters.com)

submitted 1 year ago by 0x815@feddit.de to c/europe@feddit.de

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Several banks in China, the UAE and Turkey have boosted their sanctions compliance requirements in recent weeks, resulting in delays or even the rejection of money transfers to Moscow and reducing revenue to the Kremlin.

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[–] autotldr@lemmings.world 0 points 1 year ago

This is the best summary I could come up with:

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