Turkey delays payment of $600m for Russian gas until 2024 Reuters.
Turkish Energy Minister Fatih Dönmez noted that the increase in energy prices had a major impact on the delay in payment. According to the agreement, Turkey’s energy payment of up to $4 billion to Russia could be postponed until next year.
formerly Donmez declarationAn agreement was reached when Ankara negotiated with Gazprom about postponing some of the payments after the sharp hike in natural gas prices.
According to him, after the sharp increase in gas prices in 2022, Turkey negotiated with Gazprom to delay part of the payments, an agreement was reached and relevant negotiations were held.
Dönmez noted that the situation is entirely related to the payment cycle undertaken by the Turkish side under the coordination of the Ministry of Finance and the Treasury.
He stressed that the previously stated $20 billion that the Turkish side promised to pay to the Russian side as a gas delay after the May 14 elections is not true.