Restrictions are the answer that Kazakhstani banks initiated to hinder payments for Russian -working companies and are required from customers to leave exporting the Russian Federation, which threatens to close the credit lines.
The Russian government has introduced new restrictions on exporting Kazakhstani oil through the port of Novorossiysk in response to observing sanctions on west of Kazakhstan’s banks. Reuters reported it on Tuesday, April 1.
This happened amid the fact that the banks of Kazakhstan refused to cooperate with companies in connection with penalties on Russian businesses.
The Kazakhstani pipeline consortium, responsible for 80% of the republic’s oil exports, forced to stop the work of two of its three terminals at Novorossiysk due to the audience of Rostransnadzor.
Currently, alternative routes for exporting Kazakhstani oil are limited. The KTK capacity is 83 million tons per year, and, according to Reuters’ resources, Kazakhstan can disappear up to half of its exports of oil. In the coming days, the country may be forced to reduce labor.
These restrictions are the answer started by the banks of Kazakhstani to prevent payments for companies working in Russia and are required from customers to leave exporting the Russian Federation, which threatens to close credit lines for fear of banks before the possible second penalties of the United States.
In 2022, similar restrictions were introduced after the president of Kazakhstan Kasim-Zhomart Tokaev criticized Russia for the union of so-called “DPR” and “LPR”. Currently, the situation is repeated against the background of strengthening sanctions against Russia of the United States, especially in connection with Russia’s major banks, such as Gazprombank.
Remember, it has become known that Kazakhstan enhances restrictions on the release of cards for the Russians.
The head of the National Bank of Ukraine Andrei Lypny said the new penalty in the US struck a strong blow to Russia’s financial infrastructure.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.