The financial world is anxious again. The United States is threatening Turkey with some difficulties if it continues its cooperation with Russia. Thus, the White House warned private Turkish banks that it would impose additional sanctions because of money transfers to Russia. It is obvious that Turkey has its own goals in this situation. However, all this may balloon into a conflict.
According to reports from competent sources, many Turkish credit institutions have now received warnings from the United States. The reason is their non-compliance with the sanctions policy against the Russian Federation. Sometimes such warnings are spoken in a threatening tone.
Notably, since January 1, 2024, money transfers between Turkey and Russia have practically stopped. According to banking sources, this problem is caused by concerns about the introduction of secondary sanctions by the US Treasury Department against Turkish banks that support Russia's military efforts.
This month, many Turkish credit institutions have closed accounts of Russian companies and tightened requirements for ordinary Russians who planned to open a card in the country.
According to Arsen Ayupov, President of the Russian-Turkish Dialogue Association and a partner in the NSP law firm, in 2024, the suspension of payments from Russia to Turkey has become really impressive. According to the official, banks are blocking accounts manually, giving time to resolve the situation.
