Turkish banks have resumed payments to Russia for humanitarian goods – Kommersant
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Turkish banks have resumed payments to Russia for agricultural products, payments in the fields of tourism, medicine and education, he said “Izvestia” General Director of the Russian-Turkish Business Council at the Chamber of Commerce and Industry (CCI) of the Russian Federation Alexey Egarmin.
According to him, the list, which continues to expand, has also been supplemented by textiles and the pharmaceutical industry. The list is expanded by humanitarian and consumer positions provided by Turkey itself.
“The situation is somewhat different for different banks. For example, there are still difficulties with Golden Global. Ziraat and VakifBank accept payments more easily, but still only for humanitarian segments,” explained Mr. Yegarmin.
Vice-president of Opora Rossii Nikolai Dunaev confirmed to the publication that payments with Turkey are carried out in national currencies and so far only for goods from the “green list” (it includes food, pharmaceuticals and textiles). At the same time, the representative of the business association emphasized that for other categories, settlements are extremely difficult, each transaction faces difficulties.
Earlier, Russian businessmen and representatives of business associations complained that some Turkish banks began to close accounts of Russian clients. According to “Vedomosti”, this was due to the fact that individuals from the Russian Federation in Turkey had increased requirements when opening accounts in financial organizations. As Kommersant reported, after US President Joe Biden issued a decree on secondary sanctions in December 2023, Turkish banks began to massively and universally refuse to work with Russian credit institutions. Market participants claim that similar problems, although on a smaller scale, have begun to arise with Chinese banks.
Read about how US sanctions affected trade relations between the Russian Federation and Turkey in the Kommersant article. “Lyra awakened evil.”
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