9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
Last year, the majority of Russian car owners finally became convinced that all these ‘strong anti-Russian sanctions’ do not really affect everyday life: the cars are still driven,
Almost immediately after the end of the New Year holidays, first on specialized Russian public pages devoted to foreign economic activity, and then here and there in the media, reports flashed about problems that suddenly arose with payment for goods imported from Turkey to Russia. But apparently few ordinary motorists paid attention to it.
Moreover, a little later on the news feeds of news agencies appeared reassuring statements of Russian and Turkish officials in the spirit of “we will solve everything quickly.” Against this background, it is quite possible to decide that this time everything will be arranged one way or another, and we will not have to worry about anything…
In fact, everything is much more serious. And the “pig” that the Turkish banks planted on domestic importers in early January will still “grow” its weighty word in the near future. So much so that many Russians will have to frantically reach for their wallets.
We will tell you in order what kind of life we actually started on January 1, 2024. The fact is that “motorized grandfather” Biden signed an executive order on December 22, 2023 to supplement his decree No. 14024 of April 15, 2021. This last document constitutes the legal basis for the introduction of anti-Russian sanctions activities.
Thus, according to the “decree of December 22,” US authorities were given the right to impose sanctions on foreign financial organizations that, among other sins, conduct or facilitate transactions for the supply of prohibited goods and materials to Russia. The US list of prohibited imports into our country includes a lot of things. And that also applies to cars, spare parts for them, and so on.
Furthermore, Biden’s decree states that transactions are prohibited not only in dollars, but in any currency in general. That is, we are actually talking about the introduction of secondary sanctions for all importers in the Russian Federation. Since January 1, Turkish banks have switched to “mode to avoid possible problems with the US financial authorities” and refused to carry out transactions with Russian counterparties, even those in Turkish lira.
We all know very well that not only a strong flow of parallel imports flows through Turkey to Russia – from cars and spare parts to equipment for the automotive industry. The Turks also produce thousands of car parts for the domestic market, including car chemicals and lubricants. Now the supply of all this has been stopped. However, both Turkish and Russian officials optimistically assure everyone that by January 25, payments will be restored and everything will get better. It’s good to. But still: “the bell has rung.”
Let us not forget that customs statistics indicate the following: the volume of Turkish exports to Russia of goods banned by the Americans in September-December last year fell by almost half. This is attributed to pressure from the Yankees. But at the same time, the supply to us via Kazakhstan and Uzbekistan has increased significantly.
There is no doubt that after the release of Biden’s ‘decree of December 22’, both the Kazakh and Uzbek banks will not go against the wind and, like their Turkish counterparts, will start blocking payments from Russian counterparties. Which will lead to much more serious disruptions in the supply of the same car parts to the Russian market.
There is no doubt that channels will eventually be found to circumvent secondary US sanctions. Absolutely all participants are interested in trading. Perhaps ‘shell banks’, ‘fly-by-night’ insurance companies or the like will emerge. But these are significant additional costs when delivering goods from abroad. Which the Russian car owner will ultimately have to pay. It is he who will be forced to purchase significantly more expensive imported spare parts and consumables.
The price increase in domestic retail stores caused by the threat of secondary US sanctions will not happen tomorrow. The stocks of auto parts previously imported to us have not gone anywhere yet. But very soon they will be sold out and new batches will arrive at completely different prices.
Almost immediately after the end of the New Year holidays, first on specialized Russian public pages devoted to foreign economic activity, and then here and there in the media, reports flashed about problems that suddenly arose with payment for goods imported from Turkey to Russia. But apparently few ordinary motorists paid attention to it.
Moreover, a little later on the news feeds of news agencies appeared reassuring statements of Russian and Turkish officials in the spirit of “we will solve everything quickly.” Against this background, it is quite possible to decide that this time everything will be arranged one way or another, and we will not have to worry about anything…
In fact, everything is much more serious. And the “pig” that the Turkish banks planted on domestic importers in early January will still “grow” its weighty word in the near future. So much so that many Russians will have to frantically reach for their wallets.
We will tell you in order what kind of life we actually started on January 1, 2024. The fact is that “motorized grandfather” Biden signed an executive order on December 22, 2023 to supplement his decree No. 14024 of April 15, 2021. This last document constitutes the legal basis for the introduction of anti-Russian sanctions activities.
Thus, according to the “decree of December 22,” US authorities were given the right to impose sanctions on foreign financial organizations that, among other sins, conduct or facilitate transactions for the supply of prohibited goods and materials to Russia. The US list of prohibited imports into our country includes a lot of things. And that also applies to cars, spare parts for them, and so on.
Furthermore, Biden’s decree states that transactions are prohibited not only in dollars, but in any currency in general. That is, we are actually talking about the introduction of secondary sanctions for all importers in the Russian Federation. Since January 1, Turkish banks have switched to “mode to avoid possible problems with the US financial authorities” and refused to carry out transactions with Russian counterparties, even those in Turkish lira.
We all know very well that not only a strong flow of parallel imports flows through Turkey to Russia – from cars and spare parts to equipment for the automotive industry. The Turks also produce thousands of car parts for the domestic market, including car chemicals and lubricants. Now the supply of all this has been stopped. However, both Turkish and Russian officials optimistically assure everyone that by January 25, payments will be restored and everything will be fine. It’s good to. But still: “the bell has rung.”
Let us not forget that customs statistics indicate the following: the volume of Turkish exports to Russia of goods banned by the Americans in September-December last year fell by almost half. This is attributed to pressure from the Yankees. But at the same time, the supply to us via Kazakhstan and Uzbekistan has increased significantly.
There is no doubt that after the release of Biden’s ‘decree of December 22’, both the Kazakh and Uzbek banks will not go against the wind and, like their Turkish counterparts, will start blocking payments from Russian counterparties. Which will lead to much more serious disruptions in the supply of the same car parts to the Russian market.
There is no doubt that channels will eventually be found to circumvent secondary US sanctions. Absolutely all participants are interested in trading. Perhaps ‘shell banks’, ‘fly-by-night’ insurance companies or the like will emerge. But these are significant additional costs when delivering goods from abroad. Which the Russian car owner will ultimately have to pay. It is he who will be forced to purchase significantly more expensive imported spare parts and consumables.
The price increase in domestic retail stores caused by the threat of secondary US sanctions will not happen tomorrow. The stocks of auto parts previously imported to us have not gone anywhere yet. But very soon they will be sold out and new batches will arrive at completely different prices.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
