Vietnam and Russia use oil profits to fund arms deals, bypassing sanctions

Russia and Vietnam are using profits from a joint oil venture to secretly pay for Russian arms, bypassing international sanctions. This arrangement allows Vietnam to purchase military equipment on credit from Russia and repay it using its share of profits from a Siberian oil company, avoiding global financial systems. The scheme aims to maintain cash flow for military purchases despite potential U.S. and Western sanctions, particularly as the U.S. seeks to strengthen ties with Vietnam against China.