Turkish banks promise Russian companies to expand payment acceptance in the near future. It is planned to add consumer and electronic products to the list of permitted goods. This is what Alexey Razumovsky, commercial director of the Impaya Rus company, told Izvestia.
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Since the beginning of the year, operations have been carried out only on the “green list”: food, medicine and textiles. The partnership with Russia is important for Turkey, including financially, so the volume of trade between the countries will expand in categories that are not directly subject to sanctions, experts say.
In February 2024, Turkish banks began to close accounts of Russian companies, as well as tighten the conditions for individuals to open a card.
Turkish banks’ policies began to tighten after December 22, 2023. Then-US President Joe Biden introduced restrictions against international financial institutions that Washington says cooperate with the Russian defense industry.
By decree, the US Treasury can block the activities of foreign banks for broader reasons. It is enough for the financial institution to participate at least indirectly in a transaction to overcome Russia’s technological limitations or contribute to its productive activity.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
