State banks in Turkey have continued to open bank accounts for Russian citizens who meet specific conditions, according to reports cited by RIA News through a representative of Ziraat Bank in Ankara. The article notes that Russian nationals can gain access to Turkish banking services if they hold a valid residence permit and meet work or study visa requirements. The official stressed that there is no prohibition against opening accounts in the name of Russian citizens by state-owned banks, a point echoed by other Turkish financial institutions, including DenizBank.
DenizBank previously indicated that there is no ban on servicing Russian clients; however, the bank outlined practical eligibility criteria. According to the published details, a Russian citizen must possess a residence permit in Turkey and maintain a deposit of ten thousand dollars that remains intact for the duration of the account’s validity. This framework appears designed to accommodate foreign residents while ensuring funds are secured during the account period, as reported in the coverage cited by RIA News. (source attribution: RIA News)
The topic has drawn attention from Russia’s diplomatic circle. Former Russian Ambassador to Ankara, Alexey Erkhov, voiced concerns about the mechanics of financial exchanges between Russia and Turkey and highlighted ongoing engagement with Turkish authorities aimed at preventing disruptions to bilateral trade and financial activity. Diplomats emphasized the importance of stable banking arrangements to support ongoing foreign economic ties between the two countries, particularly in the context of evolving sanctions and multinational financial compliance landscapes. (source attribution: RIA News)
Analysts have also cautioned about broader implications for trade flows involving goods from China and Turkey entering Russia, noting potential risks to supply chains and the timing of payments. Observers point to the need for transparency and clear regulatory guidance to ensure that cross-border transactions remain efficient even as geopolitical considerations influence financial institutions in both nations. Stakeholders remain watchful of any policy changes that could affect Russian clients seeking Turkish banking services, as well as the ability of Turkish banks to balance regulatory obligations with international business interests. (source attribution: RIA News)