Russian oil companies have been facing delays in payments for oil and fuel for several months now, as banks in China, Turkey and the United Arab Emirates have become more cautious due to secondary US sanctions. Reuters writes about it.

The publication reports that payment delays reduce the Kremlin's revenue, which allows Washington to achieve the dual purpose of sanctions - to prevent money from flowing to the Kremlin and at the same time not to interrupt global energy flows.

It is noted that several banks in China, the UAE and Turkey have tightened their sanctions compliance requirements in recent weeks, leading to delays or even refusals to make money transfers to Moscow.

Banks have begun requiring their clients to provide written guarantees that no individual or legal entity from the US SDN (Special Designated Nationals) list is involved in the transaction or is the beneficiary of the payment.

Two sources told the agency that in the UAE, First Abu Dhabi Bank (FAB) and Dubai Islamic Bank (DIB) have blocked several accounts related to the trade in Russian goods.

Russian Presidential Press Secretary Dmitry Peskov confirmed the problems with payments.

"Of course, the unprecedented pressure from the United States and the European Union on the People's Republic of China continues. This, of course, creates certain problems, but it cannot become an obstacle to the further development of our trade and economic relations with China," Peskov said.