US Sanctions Make It Harder for Russian Firms to Get Paid by China
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US sanctions are making it difficult for Russian companies to receive payments from China; The US has imposed sanctions on Russian firms involved in the construction of the Nord Stream 2 gas pipeline; These sanctions have led to Chinese banks being cautious about processing payments for Russian companies; The US is concerned about Russia's influence over Europe's energy supply; The Nord Stream 2 pipeline is a controversial project that will transport natural gas from Russia to Germany; The US has been pressuring European countries to abandon the project; The US has also imposed sanctions on Chinese companies involved in the pipeline construction; The sanctions are part of the broader geopolitical tensions between the US, Russia, and China; The US is using economic tools to exert pressure on its adversaries.
https://www.bloomberg.com/news/articles/2024-07-17/us-sanctions-make-it-harder-for-russian-firms-to-get-paid-by-china?sref=gFy8Zov9