The Association of Turkish Banks notified banks about problems with payments with the Russian Federation

The Association of Turkish Banks notified banks about problems with payments with the Russian Federation

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The Association of Turkish Banks received information from exporters about difficulties with payments with Russia. The association passed on the information to its member banks, said Cemil Guler, director of corporate communications. “RIA News”.

Problems for exporters with conducting transactions began, according to data Kommersant, back in the summer of 2023, but the situation worsened sharply after the December 22nd decree of the US President on secondary sanctions. As a result, Turkish banks broke off correspondent relations with almost all Russian credit institutions. By information Vedomosti, some banks from Turkey began to close accounts of Russian clients. RIA Novosti sources claimed that the issue of creating a Turkish-Russian bank to resolve problems with payment transfers is being discussed.

About the search for a solution to the problem – in the material “Kommersant” “There is something to bargain with Turkey”.

Leonid Uvarchev

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