Turkish entrepreneurs and exporters have found themselves in a tense point, with fears over the swings of russia military intervention in Ukraine.
Concerning over their businesses, exporters see their trucks blocked at borders and complain of already have difficulties in get their payments.
the invasion was unveiled early Thursday with a series of missile strikes quickly followed by a ground assault from the northeast and south in a attack who could rewrite the global post- Cold War Security Order.
The action of Moscow caused a blocade of financial sanctions designed to isolate, punish and impoverish Russia, with punitive measures aimed at hindering son ability to do business in The world’s major currencies, namely the dollarthe euro, the pound and the yen.
Russia and Ukraine are among the most important markets for Turkey, given the close ties in tradeenergy and tourism.
The Assault of Russia menace to have a major impact on the domestic market said Erdal Eren, the head of the Turkish Entrepreneurs Association (TMB), pointing out that the intervention triggered major risks for industries that make business with both countries.
“We have over 100 construction sites in Russia. Our works there total over 20 billion dollars (275 billion TL),” Eren said. private Bloomberg HT diffuser on Friday.
the invasion also hit The Turkish fresh fruit and vegetable sector, with Waiting lines of stuck trucks on borders in Ukraine and Belarus.
Exporters may be required to send their goods to for Russia and Ukraine towards the internal market market for avoid spoil of fruits and vegetables, said the chairman of the Eastern Black Sea Exporters Association (DKIB), Saffet Kalyoncu.
Some 1.5 million tons of fresh fruits and vegetables were sent to Russia last year and 500,000 tonnes were shipped to Ukraine, Kalyoncu said.
“But exporters can direct products that cannot be sent to these countries to the servant market so that the goods in their hands are wrong badhe told Anadolu Agency (AA).
Kalyoncu also stated that the exporters knew problems with their debts in their regional top market after the fall of the ruble in assess against the dollar and the euro.
“Russian buyers are postponing their orders. Big customers refrain from paying money due to volatility in the rouble,” he stressed.
It is the same for Ukraine, fourth industry in the marketKalyoncu sector added.
“In this environment there is no way collect debts in the court term. Thus, exporters are in great worry.”
At least 100 trucks blocked
At least 100 trucks are blocked at the border after Belarus shut its crossings with Ukraine, Kalyoncu said, calling for an urgent solution that would allow drivers to travel back in Turkey.
He said it would take a long time for Ukrainian market return to the pre-intervention shape, highlighting the difficulty find alternative markets in the court run.
“The agreements with grocery store stores are made in periods of at least six month. It is therefore very difficult to turn to Europe market in the court term.”
Nejdat Sin, President of the Mediterranean Association of Exporters of Fresh Fruits and Vegetables also stressed that they had trucks stuck at the crossing in Ukraine and Belarus.
“The situation is currently not clear. He is in all of our interests that the war ends like soon like possibleSin said.
Sales to Russia fell 5% year-over-year in 2021 at around 10.45 millions million, said Senih Yazgan, Vice President of the Uludağ Fresh Fruit and Vegetable Exporters Association (UYMSIB).
Yazgan said that the invasion showed that the drop in exports to Russia could continue.
“The resolution of the uncertain situation and the elimination of the possibility of war is our most grand wish as exporters.