Kremlin Addresses Reports of Oil Payment Delays Amid Global Pressure

Moscow – Kremlin spokesman Dmitry Peskov addressed concerns on Thursday regarding reported delays in oil payments, stating that Russia is actively collaborating with its partners amidst unprecedented pressure from the United States and the European Union. Peskov’s statement comes in response to a Reuters report revealing that Russian oil firms are encountering delays of up to several months in receiving payment for crude oil and fuel.

These delays are attributed to increased caution among banks in China, Turkey, and the United Arab Emirates (UAE) due to concerns about potential U.S. secondary sanctions. The situation underscores the challenges faced by Russian oil firms as they navigate international financial transactions amidst escalating geopolitical tensions. Russia’s engagement with its partners reflects its efforts to address these challenges and ensure the smooth functioning of its oil trade despite external pressures.