Turkish banks are afraid to work with Russia: how sanctions deprive Moscow money - the media
According to sources who know the situation to reporters, almost all payments within the trade agreements were suspended. At the same time under the blow was trade in national currencies: Turkish banks do not want to accept from the Russian Federation either lyre or rubles. "These transfers were either sent by private banks back directly or were rejected at the initial stage of the operation. The reason: allegedly payment is made for sanctional products," the publication reads.
The payment blockade has become almost total, all industries came under it: banks block payments from Russia to Turkish chemical companies, factories of car districts, manufacturers of clothing and shoes. Journalists believe that cash transfers may be related to the expansion of Western sanctions, and Turkish banks and intermediaries are now afraid to get under secondary sanctions.
In this case, financial structures are often reinsured, refusing to make payments even for goods that are outside the sanctions. In addition, it is now more difficult for Russians to register companies in Turkey and open accounts with local banks. And companies complain, banks do not specifically explain why they block payments.
"Turkey could go to such measures to get off the gray list of development of financial measures to combat money laundering (FATF), the General Assembly will take place in February. From the whole list of measures that Ankara should agree to meet the FATF standards. only regulation of cryptocurrencies. But this area may also be related to the accompanying issues related to the fight against money laundering, limiting the financial flows of criminal organizations, " - writes journalists.
Meanwhile, the TASS newspaper on January 16 reported that payments have arisen through new regulatory measures for the control over foreign assets of the US Department of Finance (ofac). Allegedly, Turkish banks paused all Russian payments and are waiting for further instructions.
We will remind, the expert of the economic discussion club Oleg Pendzin in the recent interview with "Focus" stated that within two years since the full -scale invasion of Ukraine, the Russian Federation managed to sell raw materials and materials for $ 650 billion. Earlier, it became known that the United States supported a bill on confiscation of $ 300 billion of frozen assets of the Russian Federation. The draft law will allow the use of Russian sovereign assets in the interests of Ukraine.