Daily Sabah (Turkey)

Russia, Türkiye work on bank payment issues

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RUSSIA and Türkiye are working on eliminatin­g issues with bank payments provoked by sanctions, Kremlin spokespers­on Dmitry Peskov told reporters yesterday.

Speaking at a press briefing in Moscow, Peskov said Moscow and Ankara are persistent­ly looking for a way out of the situation.

“In all financial matters, contacts at the working level are maintained constantly with the goal to find a way out of this situation. Certain problems are indeed present, but the cause of these problems is obvious. This causes serious damage to the interests of both our and Turkish economic operators,” he stressed.

When asked about Russian President Vladimir Putin’s possible visit to Türkiye, Peskov said the exact dates have yet to be finalized.

“Contacts at the highest level are being made. The terms of the Russian-Turkish contacts at the highest levels have not been determined yet. But the understand­ing that they (contacts) will take place in the foreseeabl­e future is present,” Anadolu Agency (AA) quoted Peskov as saying.

Türkiye, which shares a maritime border with both Ukraine and Russia in the Black Sea, has sought to maintain good ties with both nations since Moscow’s full-scale invasion in February 2022.

Türkiye has not sanctioned Russia, but its banks have been facing a risk of secondary sanctions for trading with Russian entities.

Banks are said to have expanded scrutiny of transactio­ns related to Russia to avoid being subject to U.S. sanctions, leading to prolonged money transfers.

Turkish exporters to Russia earlier this year said they faced more payment problems recently due to year-end auditing, but the situation should get better soon.

 ?? ?? People line up in front of ATMs of Turkish banks, Istanbul, Türkiye, May 12, 2023.
People line up in front of ATMs of Turkish banks, Istanbul, Türkiye, May 12, 2023.

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