American pressure on Turkish-Russian oil relations during the last month

According to the international group Tasnim news agency, every day that passes, maintaining and developing relations in The Turkish-Russian line is becoming more and more difficult. Because America is trying with all its might to damage the relations between these two countries. Now, creating a break in the relationship between banks and financial companies in Turkey and Russia has become one of the important goals of America.

Economic experts say that many Turkish banks and financial institutions do not dare to work with Russia due to the financial sanctions of the United States and the continuous inspection and investigation of the intelligence team of the United States Treasury Department. Because before, several big Turkish businessmen have been caught in the trap of American intelligence surveillance and have been sanctioned.

Disturbance in financial relations between Turkey and Russia

Ankara newspaper published this issue It has been reported that the Americans have recently increased the strictness of transferring money from Turkey to Russia and have even prevented capitalists close to Erdogan’s government from sending money to Russia through Qatari banks and other countries. As a result, the assignment of the goods that have been exported in the last few months and have not yet been settled, is not clear.

The said report shows that, following the threats of US sanctions against the financial institutions that mediate trade with Russia, disruptions have been created in the financing of said trade. According to the threats of sanctions contained in the documents of the US Treasury Department, Turkey has faced problems in receiving payment for the products that go to Russia. On the other hand, there is also a delay in the payment of oil purchased from Russia.

According to the information of seven different sources, due to the effect of the December decree that expanded the US sanctions against Russia, problems have arisen in Turkey’s payments for products imported from Russia, and now Turkish exporters do not know what to do exactly. Because at this critical moment, Erdogan’s government does not want to anger America in any way.

The main goal is to stop the Russian economy

Now the Turkish economy is experiencing difficult conditions and issues such as unprecedented inflation and deficit of foreign exchange resources have put Erdogan’s government in dire straits. But part of Turkey’s problems are already solved through trade with Russia, and hundreds of wealthy Russian capitalists and companies easily transfer their capital to Turkey. But now the work has become so difficult that the Turkish oil brokers do not dare to take action to trade Russian oil shipments. At the same time, the exporters of goods from the Turkish market have problems to continue working with Russia and cannot get money. return themselves

Of course, it is not only the Turks who have problems working with Russia. Businessmen say that the problems and obstacles that Turkey is currently experiencing are the same problems that have already been seen in Russia’s trade with countries such as India, the United Arab Emirates and China.

In the case of India, payments Banki faced so much delay and slowness that it practically stopped the supply of oil, and such a thing caused an impact on the transportation of oil in the short term. Russian oil to international markets and economic weakness is one of the largest oil producers in the world. Although on the surface, the goal of these sanctions is to reduce Russia’s oil revenues, but with the coercive and selfish action of America, in practice, several other economies are also harmed.

In the last three weeks, many problems have arisen in the payment of oil and oil products imported by Turkey from Russia, and with a detailed examination of the transactions of Turkish banks with Russia, it has become very difficult to continue working.

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A reliable source from a large Russian oil company has announced that they have not been able to receive money from Turkey in the last two to three weeks. Other sources explain that delayed payments do not disrupt the flow of crude oil, but some shipments are delayed.

Turkish sources said that it has become difficult to pay for some energy shipments to Russia, especially after the new sanctions in December, and that these payments should be changed or postponed. Of course, it is said that during this period, the oil transportation continued, but there were problems with the cargo and it ended up at the expense of Turkey. Because in any case, the Russian side will be willing to continue working both with the new price and taking into account the delayed payment.

US sanctions and strict processing of Turkish banks cause these payment problems in Turkish-Russian business. These developments point to possible effects on energy imports and Turkey’s foreign trade balance. However, the Ministry of Commerce and Turkey have not commented on this yet.

Why is Turkey silent?

Erdogan government in recent months, for Razi Joe Biden’s administration had a hard time selling 40 F-16 fighter jets to the Turkish Air Force. As a result, in the current situation where there is no obstruction or opposition from the Congress, Erdogan is also taking into account the side of caution in regulating his relations with Russia and is seeking to maintain balance. But it remains to be seen how far Russia will tolerate this situation and what effect the continuation of the current policy will have on Moscow-Ankara relations.

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