{
Mehmet Simsek

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Turkey Secures Austrian Bank for Russian Gas Payments Amid Sanctions Challenges

Turkey has secured a method to continue paying for Russian natural gas imports, utilizing Austria's Raiffeisen Banking Group after US sanctions on Gazprombank expired. This workaround allows Turkey to process payments through a subsidiary in Russia not affected by sanctions, with US approval.Additionally, Turkish Foreign Minister Hakan Fidan is set to visit Russia for talks with high-level officials, including President Vladimir Putin, focusing on enhancing bilateral relations in trade, energy, and tourism.
Middle East Eye
RUS TUR USA Vladimir Medinsky Scott Bessent Andrey Belousov Mehmet Simsek Sergey Lavrov Vladimir Putin Hakan Fidan Show more
Finance & Economy, News Article
11:43 24.05.2025
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