Moscow and Ankara are actively working to create alternative payment mechanisms due to the problems experienced in payments made by Russians in the country. In an interview about this RIA News said Russian Consul General in Istanbul Andrei Buravov.
“Relevant departments and companies of our countries are in close contact with the aim of developing alternative payment mechanisms and overcoming obstacles,” the diplomat said.
He explained that we are talking about a system that will be open to the use of both companies and citizens of Russia and Turkey.
Turkish banks at the beginning of February started Closing of accounts of Russian legal entities and increased requirements for individuals from Russia.
Later Ministry of Commerce amount List of companies that have problems accepting money transfers from Russia.
Such prohibitive steps explained Fear of Turkish banks and firms being subject to secondary US sanctions due to their interactions with Russian companies and individuals.
As of February 5, Ankara and Moscow began discussing the establishment of a Russian-Turkish bank that would completely solve transaction problems. Also countries intend carry out all these transactions in national currencies (Turkish lira and Russian ruble).
Previously in the Kremlin saidIt will be discussed with Türkiye whether there will be problems in settlements due to sanctions.