Foreign Affairs

TexasTowelie

(116,849 posts) Thu Apr 4, 2024, 02:31 PM Apr 2024

Russian Oil Payments Stopped by Sanctions as USA Crackdown Hits Banks in China, India, Turkey & UAE - Joe Blogs

Over the past 6 months the USA has ramped up the POLICING of the sanctions against Russia and this has now resulted in Payments for Russian Oil being STOPPED by China, India, Turkey and the United Arab Emirates. In December the USA issued a warning of SECONDARY SANCTIONS to all Banks dealing with Russian businesses and as a direct result all of the Banks have to undertake comprehensive checks on all aspects of the companies that they allow payments to go to. This has resulted in serious delays and payments being stopped altogether. In this video I provide more details of the current situation, discuss the problems that Russia is now facing and the impact on the Russian Economy.

Chapters:
0:00 Intro
2:05 RUSSIAN OIL SALES
8:00 PAYMENT PROBLEMS
11:20 INDIA
13:53 SUMMARY & CONCLUSION
21:42 WIN STILTMAN

2 replies

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Russian Oil Payments Stopped by Sanctions as USA Crackdown Hits Banks in China, India, Turkey & UAE - Joe Blogs (Original Post) TexasTowelie Apr 2024 OP

Couple that with the Ukrainian's continued attacks on Russia's oil refineries, it may actually Bev54 Apr 2024 #1

Yes and now RU doesn't have the parts or expertise to make some of the repairs Irish_Dem Apr 2024 #2

Bev54

(11,917 posts)

1. Couple that with the Ukrainian's continued attacks on Russia's oil refineries, it may actually

Reply to TexasTowelie (Original post)

Thu Apr 4, 2024, 03:24 PM

Apr 2024

make a real difference. The other day they hit a refinery 700 kms into Russia, looked like they had made a drone out of a cessna airplane or something but Ukraine is saying now they have drones that will fly up to 1000 kms. So far they have hit 6 or 7 large producing refineries.

Irish_Dem

(57,803 posts)

2. Yes and now RU doesn't have the parts or expertise to make some of the repairs

Reply to Bev54 (Reply #1)

Thu Apr 4, 2024, 06:31 PM

Apr 2024

after a drone strike.

So the drone strikes and sanctions are adding up to real trouble for Russia.

Once oil production is shut down it takes a long time to get back into production.

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