Business & FinanceEnergy

Turkish-Russian trade hit by fresh US sanctions threat

19 February 2024, 10:29 pm 1 minute

Reuters exclusively reported that a U.S. threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports.

Market Impact

Russia is the top crude and diesel exporter to energy-poor NATO member Turkey, supplying 8.9 million metric tons of crude and 9.4 million tons of diesel to its Black Sea neighbour in the 11 months to November.

Article Tags

Topics of Interest: Business & FinanceEnergy

Type: Reuters Best

Sectors: Business & FinanceCommodities & Energy

Regions: Europe

Countries: RussiaTurkey

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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