“Problems with money transfers from Russia, which began in December, continue to grow in January, and payments from many companies are either returned or rejected by banks. Companies are anxiously awaiting problems, which is causing serious disruptions in exports,” the material says.
It is noted that the growing foreign trade between Turkey and Russia has begun to encounter obstacles in remittances.
“After the visit of US Secretary of State Blinken, exporters were unable to receive payments in Turkish lira and rubles from Russia, transfers were sent back directly from some banks, and some banks began to reject previously accepted transactions,” the publication writes.
The publication’s sources clarify that remittances have almost stopped since January 1, and that this situation has begun to disrupt exports.
What could have caused
Recent problems with remittances may be related to the expansion of the latest EU sanctions list.
The Turkish Ministry of Trade has already launched a study on this issue and has begun collecting information from companies.
Sanctions against Russia
The European Union on Monday, December 18, introduced a new, 12th package of sanctions against the aggressor country Russia.
A few days later, US President Joe Biden signed a decree tightening sanctions against financial institutions helping Russia.
Today it became known that state-owned banks in China began to tighten restrictions on financing Russian clients after the United States approved secondary sanctions against foreign banks that help Moscow in military operations against Ukraine.
2024-01-16 20:05:20
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