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
Israel's economy has for almost a year ridden out the chaos of a war that risks spiralling into a regional conflict, but rising borrowing costs are starting to strain its financial architecture.
Rising tensions in the Middle East have created air travel chaos, with global airlines diverting or cancelling flights on Wednesday and regional airports, including Lebanon, Israel and Kuwait, showing long delays, according to FlightRadar24 data.
U.N. Secretary-General Antonio Guterres will hold informal talks with Greek and Turkish Cypriot leaders in New York in October "to have an exchange on the way forward on the Cyprus issue," U.N. spokesperson Stephane Dujarric said on Monday.
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