Money transfer is made within both countries without the use of cross -border payments via the SWIFT system.
Russia and Vietnam have developed a procedure that gives you to hide payments for granting weapons and avoiding western penalties. The Associated Press information agency reported this, referring to the documents of the Vietnam official, which was dissatisfied with the continuation of the cooperation of the two countries in the military industry, which is detrimental to the political and economic rapprochement of Hanoi along with Washington.
According to a document of 2024, prepared by the Petrovietnam (PVN) oil company for the country’s Ministry of Industry and Trade before a visit to Khana of Vladimir Putin, the joint of two country oil business is used to pay for Russian weapons.
Money transfer is carried out within Russia and Vietnam without the use of cross -border payments through the SWIFT system to avoid the attention of the penalties of the organs of western countries and maintain the calculations secretly.
Russia issued Vietnam to purchase frigates, tanks and warriors – for $ 2 billion in 2011 and $ 8 billion in 2023. Under the final agreement, no one has been delivered (Russian businesses have been conquered, first of all, by making weapons for war in Ukraine), and Moscow has already received payments for them.
Two Western diplomats in Hanoi said they had long been suspected: there was an unusual agreement between Vietnam and Russia in the payment of major military contracts, although the specific details of the agreement on this and other documents received by the AP were new to them.
Ben HilgenStoy, an expert in Russian penalties from the Kyiv School of Economics, told the AP that the mechanism described in the Vietnam documents was designed to reduce the likelihood of introducing restriction steps.
Remember that in May, Russia and Vietnam agreed to organize and sign a agreement on the construction of nuclear power plants in the final territory.
Vietnam began buying petrochemical raw materials from Russia
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.