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Expectations of a Decrease in Trade Activity Between Turkey and Russia by the United States

by John Pierce
July 3, 2023
in Business
2 min read
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The United States expects to see a decrease in trade Relations between Türkiye and Russia after Ankara agreed to stop the crossing of Punishment of Western goods to Moscow, A.I senior we official He said on Friday.

James O’Brien, head of Office of the US State Department of The sanctions coordination told Reuters that Turkish officials were “very clear” with various Governments and the agencies they put in place in place ban on Re-export of Sanctioned goods for Russia.

But Washington has yet to see the impact of Change said.

“It will take us Some time to rate it, but we’ll check trade The data is from March and April and we expect to see that trade decrease significantly. It’s the numbers. “That’s all I care about,” O’Brien said.

The United States and its allies imposed widespread sanctions on Russia follows it invasion of Ukraine, but supply channels remained open from neighboring Türkiye to the Black Sea and elsewhere trading Hubs, including Hong Kong.

Turkish government corporate delivery a list of The Istanbul Ferrous and Non-Ferrous Metals Exporters Association said it had banned foreign goods and instructed them not to be transported to Russia from March 1. last Month.

the policy It comes after Washington and other members of G7 block of Rich countries worked to impress the third countries to restrict sales of items Russia can reuse it on the battlefield.

NATO member Ankara has sought to maintain good Relations with Both Moscow and Kyiv in the middle of the war.

She opposes sanctions on principle but said it would not be circumvented in Türkiye and any products shipped by Russia can not be used military.

several senior US officials, including US Deputy Treasury Secretary Wally Adeyou, have traveled to Turkey since then invasion They demanded that Turkish companies and banks impose US restrictions on Russia.

O’Brien said Kaz also announced a policy to review and specify trade He may violate the sanctions, adding that Washington expects to see improvements there.

The UAE, too, said it would reassess trade with Russia, O’Brien said, but did not commit to any action. Washington has previously said there was “poor compliance with sanctions”. in The United Arab Emirates.

“We make it clear this is of Very high priority for G7. Russia using “These are weapons-grade goods,” O’Brien said.

he added that’s why items Finally bound for Russian militaryand anyone linked with transactions in UAE may violate sanctions.

“So they are playing roulette with the future of they business If they keep it up support this trade. “

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