RIA Novosti: the work of a Russian-Turkish bank can solve the problem of transfers
The departments of the two countries are discussing the creation of a joint bank as an option to solve the problem with transfers that arose in early 2024 amid the threat of secondary US sanctions. This is reported by RIA News citing a source in the Turkish banking sector.
It is noted that this possibility is called “one of the points,” but so far the parties have not come to any specifics. According to the agency, the situation can discuss and at the highest level, during the upcoming visit of Russian President Vladimir Putin to Turkey.
Earlier, Ekonomim reported that since January 1, remittances between countries have almost stopped, and exporters in Turkey are waiting for urgent decisions to continue trading. Later it became known that banks there began to close accounts of Russian companies and tightened the requirements for ordinary citizens from Russia intending to open a card in the country.
According to Kremlin spokesman Dmitry Peskov, the parties are now looking for a solution, and the cause of the problems is the “unprecedented, overt and aggressive pressure” that the United States is putting on Turkish companies. As analysts note, some credit institutions have now begun to accept transfers from Russia, but “it cannot be said that a change in the policies of several Turkish banks has corrected the situation.”
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