Esclusivo: la compagnia petrolifera azera che ha preso fondi russi riscatta anticipatamente i prestiti bancari statunitensi, dicono le fonti

ChatGPT simple English explanation:

A company in Azerbaijan – SOCAR – that works with oil paid back a big loan early. They were supposed to pay the U.S. banks that lent them the money in two more years. Around the same time, they got a loan that was about the same size from a Russian oil company.

The U.S. banks and the Azerbaijan company didn’t want to talk about paying back the loan early. Also, the Russian and Azerbaijan companies didn’t want to talk about the new loan from Russia.

Some people who know a lot about banking and trading said that paying back the U.S. loan early didn’t break any rules about not doing business with Russia because of the Ukraine situation.

By paying the loan back early, the Azerbaijan company could buy Russian oil again for their big oil refinery in Turkey. They stopped buying Russian oil because the U.S. banks were worried about breaking the rules.

One person said the refinery needed Russian oil, and when they had to stop using it, it caused problems. But when they didn’t have the U.S. loan anymore, there were no more problems.

The U.S. banks lent the money to the Azerbaijan company’s branch in Turkey in 2021 to use for five years. They paid it back at the end of last year when they got the Russian loan.

A person who knows a lot about rules against doing business with certain countries said the U.S. banks should have looked more closely at the Azerbaijan company getting money from Russia at the same time.

This person said that dealing with oil and countries like Azerbaijan and Turkey, which work with Russia, can be tricky because of the rules.

The refinery in Turkey was made in 2018 and can handle a lot of oil. It stopped buying Russian oil because the U.S. banks were worried, but it started again in October when they made the loan deal with the Russian company.

After many countries stopped buying oil from Russia, Turkey became one of the biggest buyers. India and China are also buying a lot of Russian oil.

There were warnings that if companies did business with Russia, they could get in trouble. This has made trading between Turkey and Russia more difficult.

Turkey says it doesn’t agree with the rules against Russia even though it didn’t like Russia’s actions in Ukraine. Turkey has kept a good relationship with both Russia and Ukraine during the conflict.