Erdogan Aims to Increase Trade With Russia

Erdogan Aims to Increase Trade With Russia

Turkish President Recep Tayip Erdogan has said Sunday in a telephone conversation with Russian counterpart Vladimir Putin that he wants to enhance trade co-operation between Ankara and Moscow. “President Erdogan has declared it aimed at boosting co-operation between Turkey and Russia in several ways, including expanding the volume [...]

“President Erdogan has stated that he is aiming to boost co-operation between Turkey and Russia in several ways, including expanding trade volume”, the Turkish Presidency has said through a statement.

Although it has been quick to condemn Russia's war in Ukraine, Turkey takes a neutral stance on this war, and has not followed Western politics for imposing sanctions against Moscow.

Erdogan has justified politics due to Turkey's dependence on Russian oil and gas.

Five Turkish companies were targeted with US sanctions in September 2023 for supplying equipment to several Russian companies in the field of defence.

In a letter sent in August 2022, the US Treasury Department warned Turkish companies of increased “risk” as “Russia attempts to exploit” Turkey for “escaped sanctions”.

The war in Ukraine began on February 24, 2022.

Russian President Vladimir Putin calls war “special military operation” to demilitarise Ukraine.

The West has responded to Russia, striking the economy of this state with severe sanctions.

As a result of the war, thousands have died, and millions of others have been displaced from their homes. /rel

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