Western sanctions gave the Turkish mineral sector a chance to serve aswarehouse and the bridge” head of industry group He said, citing growing interest from Russian companies and also From the European Union companies seeking to sell to Russia via turkey.
The West, including Britain and the European Union countriesSanctions were imposed on Russian elites, banks and strategic industries since Russia on February 24 started what it is terms a “special military proces” in Ukraine.
Cetin Tekdilioglu, head of The Russian Federation of Ferrous and Non-Ferrous Metals Exporters of Istanbul (IDDMIB) said demand increased for Turkish products they can no longer get from European companies, Turkish companies have received inquiries from European companies about supplying Russia via turkey.
What they can’t (Russia) buy From Germany, Italy and France, they buy from them us. Separately, a lot of EU companies plan to sell their products to Russia via He told reporters, on Friday.
“that they want to me use Turkey as a warehouse and the bridge, while Russia wants supplies from Turkey,” he said, adding that it was a “historic opportunity.” for Turkish companies.
He did not mention the names of the companies concerned and did not specify how Many, but he said they produce copper, aluminum, kitchen utensils and machinery.
Turkey’s total ferrous and non-ferrous exports amounted to 8.9 billion Turkish liras ($495.58 million). in The first seven months of 2022, according to IDDMIB data, a rise of 33% of A year Ago. Calculate for 6.2% of Turkey exports.
Turkey’s exports of ferrous and non-ferrous metals to Russia increased by 26% year-over-year to $170 million by August 8, data also show up.
The rift between Moscow and the West over Russia invasion of Ukraine led to concerns of a possible to cut of Russian gas to Europe, which can force Closure of Some European industrial production.
Tekdilioglu said this may provide another opportunity for Turkish exporters of metal products.
Turkey criticized Russia’s invasion, sold armed drones to Ukraine and sought to facilitate peace talks between the two sides. But it did not support Western sanctions on Moscow is still close to trade, energy and tourism.
Relations between the West and China also Deteriorated after US House Speaker Nancy Pelosi’s visit to Taiwan last week, which Tekdilioglu said is another possibility chance for Turkey if you disable the former trade links.
We are getting signals of some opportunities.”
Turkey has not commented publicly on But Pelosi’s visit over Edited his last years language on Turkic Uyghur Muslims who constitute a large minority in turkey.
Turkish President Recep Tayyip Erdogan last year He told his Chinese counterpart Xi Jinping that Uyghurs are important to Turkey live in Peace “as equal citizens of China “but said that Turkey respects China national sovereignty.
