By Natali Moss
The US continues to increase the pressure of sanctions on Russia, which entails more and more problems in the Russian aggressor state with oil exports. At the same time, India, Washington's strategic partner, continues to support the Kremlin through oil purchases. One of the effects of US sanction policy was Reliance Industries in India to give up Russian oil procurement, which is being sent with the use of Sovcomflot tankers.
Following recent attacks by Ukrainian drones on oil refineries, Russian oil companies may face difficulties in finding ships to export their excess oil. In addition, Russian companies are already faced with difficulties in collecting payments for the sale of oil, mainly due to banking restrictions. For example, in early February, banks in Hong Kong refused to make Russian payments.
This intensification of restrictions in the banking sector occurs against the background of increasing sanction pressure. Earlier, the media reported that the terminal in Turkey refused to receive oil from the Russian Federation. According to journalists, threats from the United States to impose sanctions on financial companies conducting business from the Russian Federation have led to cooling of Turkish-Russian trade.
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