secondary sanctions

Turkish banks are once again massively refusing transactions to Russians

Russian importers face refusals and increased fees when conducting transactions in Turkish banks.

Elena Gutyro transaction payments business banks Turkey News Economy 18 September 2024

Chinese banks have stopped accepting payments from Russia

Small regional banks refused to accept payments from Russia in July, fearing increased US sanctions pressure.

Elena Gutyro banks of china business for russians News of Russia US sanctions Economy 12 August 2024

China has begun to consider yuan linked to Russia as “dirty”

China divides its currency into “clean” and “dirty”; they avoid working with yuan bought on the Moscow Exchange or used in transactions with Moscow.

Elena Gutyro yuan banks anti-russian sanctions China News News of Russia Economy 26 July 2024

US Treasury Warns of Secondary Sanctions for Deals with Russian Companies

Washington has announced the introduction of secondary sanctions, threatening anyone who risks cooperating with Russian companies.

Irina Tint US Treasury Department sanctions against Russia Politics 3 July 2024