The US sanctions affected Russia’s trade with China and Turkey

Thanks to US sanctions, it is becoming increasingly difficult for the Kremlin to find money to wage an aggressive war against Ukraine.

In the first quarter of 2024, the volume of Russian trade with key partners — Turkey and China — fell. This was reported by the Financial Times.

This was influenced by US restrictions against international banks that previously helped Russia support the war against Ukraine. In particular, the majority of creditors refused to cooperate with Russian counterparties. However, the Kremlin is trying to circumvent sanctions thanks to a large network of intermediaries.

As Russian sources told the Financial Times, Western sanctions have a significant impact on the Russian economy. Restrictions against the aggressor country have even been compared to sanctions against Iran.

The day before, USM wrote that the United States imposed sanctions against four companies associated with the Russian Arctic LNG 2 project.