Russia, Vietnam Using Energy Profits to Avoid Possible US Sanctions for Arms Deals

Russia, Vietnam Using Oil Profits to Evade US Sanctions on Arms Deals

AP Exclusive: Russia, Vietnam using energy profits to avoid possible US sanctions for arms deals

Russia and Vietnam have developed a mechanism to conceal arms deal payments to avoid American and other Western sanctions, using profits from joint energy-sector ventures to pay for defense contracts, according to internal Vietnamese documents obtained by The Associated Press.

Russia, Vietnam using energy profits to avoid possible U.S. sanctions

Under the system, Vietnam has purchased Russian military equipment including fighter jets, tanks and ships on credit from Moscow.

How Russia and Vietnam Use Energy Profits to Bypass US Arms Sanctions

In a developing story, the Associated Press has uncovered that Russia and Vietnam are reportedly leveraging profits from their energy sectors to circumvent potential U.S. sanctions tied to arms transactions. This strategic financial maneuver signals heightened complexities in international efforts to enforce arms control, as energy revenues provide both nations with pathways to mitigate the impact of punitive measures. The AP’s exclusive report …

Takeaways from AP’s report on a secret deal between Russia and Vietnam

Russia is a key supplier of military goods to Vietnam, providing it with fighter jets, tanks and ships. Moscow’s ongoing war against Ukraine, however, has given rise to international sanctions and the United States, European Union and others are threating more unless Russia relents. Internal Vietnamese documents obtained by The Associated Press reveal that Hanoi […] The post Takeaways from AP’s report on a secret deal between Russia and Vietnam …