The Ministry of Commerce intervened in the situation where there was a problem in transferring money from Russia to Turkey. This was reported by TASS Citing a source close to the country’s Ministry of Commerce.
“The Ministry of Commerce intervened in the situation regarding the refusal of some Turkish banks to accept payments from Russia. The source told reporters that the ministry is collecting offers from companies experiencing such problems.
As the Istanbul Chamber of Commerce explained to the agency, there were problems with transfers made through private banks and this situation will probably be resolved by the end of January. A similar assumption was expressed by Mustafa Gültepe, President of the Turkish Contractors Association.
At the same time, sources in business circles told TASS that since the Russian Federation is the largest customer for many companies, a number of enterprises may be on the verge of closure if the issue with the transfer of funds is not resolved in the near future. .
Russian companies have been experiencing difficulties in transferring funds to Turkey for a long time. Since January 1, 2024, the situation has worsened significantly: almost all Turkish credit institutions denied Execute transactions without fear of exposure to US sanctions. Some banks even returned previously accepted transfers with the comment that the transactions related to “prohibited goods.”
Previously reportedIt is stated that the problem in money transfer from the Russian Federation to Turkey can be resolved by the end of the week.