Turkey's exports to Russia in February fell 33% year on year to $670 million, trade ministry data showed on Saturday.
Russian-flagged bulk carrier SV Nikolay is unloaded at Izmir port in Turkey June 25, 2022. Reuters/Yoruk Isik
Turkey's exports to Russia in February fell 33% year on year to $670 million, trade ministry data showed on Saturday.
That was down from $1.1 billion in February 2023.
Imports from Russia fell 36.65% to $1.3 billion from $2 billion a year earlier.
A U.S. threat to impose sanctions on financial firms doing business with Russia has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports, Reuters reported this week.
Reporting by Huseyin Hayatsever; editing by Jason Neely
Foreign ministers from seven major European and Middle Eastern countries will meet in Istanbul on Friday to discuss key regional security issues, a Turkish diplomatic source said on Thursday.
Canada's Prime Minister Mark Carney met with President Tayyip Erdogan in Turkey on Thursday, in the first bilateral visit by a Canadian leader, and the two NATO allies upgraded their relations to a "strategic partnership" as Ottawa seeks to expand trade partners and reduce reliance on the United States.
Egypt's Foreign Ministry on Wednesday rejected the maritime boundaries deal that Libya's eastern parliament ratified with Turkey, saying in a statement that the ratification will have no legal impact on Cairo.
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