Russian companies are increasingly facing problems with making payments to China due to new US sanctions imposed in June, with such transactions either being frozen or postponed for a long time. This was reported by Bloomberg Referring to interviewed senior managers of major exporters in Russia.
It was noted that direct payments from China to the Russian Federation, even in yuan, are almost impossible. Also in July, some Chinese buyers of Russian agricultural products experienced problems with payments.
The agency’s interlocutors said it was becoming increasingly difficult to find alternative payment methods, including using cryptocurrencies or “pad countries.”
According to Bloomberg, the trade difficulties were caused by the US expanding the criteria for determining the need to impose new sanctions, including against foreign companies. In particular, the definition of the military-industrial base of the Russian Federation was expanded.
The agency describes these measures as “draconian” and notes that it is already noticeable how they are gradually affecting the Russian economy. Since the end of 2023, Russia has also faced difficulties in making payments with the United Arab Emirates, Turkey and India, Bloomberg writes.
It was previously reported that he was in Russia. I thought about it On the ban on gasoline exports.