They are afraid of secondary sanctions: Turkish and China banks refuse to cooperate with the Russian Federation - ISW

According to analysts, fears of secondary sanctions by representatives of Turkish banks increased sharply after December 22, 2023. The threat of secondary US sanctions has a large -scale impact on Turkey and the Russian Federation in the financial sphere. Turkish banks began to refuse to work with Russian financial institutions in a massive order. About it writes "Institute of War Study" in the summary of January 17.

American analysts refer to the publication in the Russian edition of Kommersant, whose sources have reported that the fears of secondary sanctions by Turkish banks increased sharply after the United States has imposed secondary sanctions on financial institutions that help Russia to circumvent and support. Military campaigns in Ukraine. On January 16, Bloomberg reported that at least two state -owned Chinese banks have decided to audit their business with Russian clients.

With Russian organizations or organizations related to the Russian defense industry, after the introduction of secondary sanctions in December 2022, business relations will be terminated. Recall that, according to ISW estimates, the broad concept of "historical lands" enables the Kremlin to pursue expansionist goals where it is needed. It can be Central Asia, Eastern Europe and the Caucasus.