The two nations used profits from joint oil and gas enterprises to fund defense contracts, bypassing the global banking system, Vietnamese government documents show.

The payment mechanism centers on Rusvietpetro, a joint oil venture in Siberia. Profits owed to Vietnam are first directed to Moscow to cover loans extended for arms purchases.

US has warned Vietnam in the past about buying Russian weapons under a law known as CAATSA, which allows penalties on ...

Commentary: Mexico’s new president is trying to fight the cartels; a U.S. invasion would do more harm than good. That’s the ...

Russia and Vietnam have found a clever way to buy and sell military equipment without using regular international banks. Documents obtained by journalists show that the two countries are using money ...

Russia and Vietnam have developed a back-door method of concealing arms deal payments to avoid American and other Western ...

Russia and Vietnam have developed a mechanism to conceal arms deal payments to avoid American and other Western sanctions, ...