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Primary source of machine tools received by Russia by end of 2024?
5
Resolution / Starting Odds
China • 33%
India • 33%
Other countries • 34%
Reports from Center for Advanced Defense Studies or major news outlets such as Reuters, BBC, or The New York Times
Story
Russia Procures Second-Hand Machine Tools from China Amid Sanctions, Finds Payments Workaround
Jun 20, 2024, 06:35 PM
Russia is procuring second-hand machine tools from China to boost its weapons production amidst ongoing Western sanctions. These tools, including 20-30-year-old high-precision Tsugami machines, are being acquired through covert means to evade sanctions. Despite more than two years of punitive measures, cunning businesses are facilitating these transactions. The Center for Advanced Defense Studies has identified these shady schemes. Additionally, China has authorized small banks in its northeast region to facilitate payments for Russia. This move comes after the U.S. imposed sanctions on the only Russian bank branch in China. President Vladimir Putin's recent visit to China has also helped secure alternative payment methods for the two countries. China has provided microchips, machine tools, and other dual-use components to support Russian factories.
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