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šø One of UAE's largest banks curtails cooperation with Russians under US pressure ā WSJ https://t.co/2Yn0aoZZ2q
The @WSJ reports that Russia is sourcing "Western microchips & telecommunications equipment that it canāt buy directly via other countries.ā The scholarly literature makes it as clear as the nose on your face that SANCTIONS = A MILLION WORKAROUNDS = RARELY WORK.ā¦
The banking loopholes Russia has used to stay afloat are closing https://t.co/gvjoNxqWqd
Efforts to close loopholes in sanctions against Russia are showing results as the country's access to the global banking system is being restricted. Russian weapons heavily rely on parts sourced from sanctioned countries, with U.S.-based companies accounting for a significant portion. The Central Bank of Russia has urged banks to keep quiet about their international partners to avoid exposure.