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
Prosecutors have opened an investigation into the head of Turkey's main opposition Republican People's Party (CHP) on charges of threatening and insulting Istanbul's chief prosecutor, adding to a broad crackdown on the opposition.
Turkey will press European allies which plan to sharply ramp up their defence spending to ease restrictions that now require most of that money to be spent in the EU, Defence Minister Yasar Guler told Reuters on Wednesday ahead of a NATO meeting.
Foreign investors returned to the Tel Aviv Stock Exchange in force last month, increasing their holdings despite ongoing conflict in Gaza and heightened regional tensions. Net foreign purchases reached an estimated NIS 2.5 billion ($700 million) in May, with much of the capital concentrated in the banking sector.
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