Contents tagged with turkey
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Russia's largest bank loses $1 billion in Turkey
Sberbank is cutting back on its business outside of Russia, which has been causing it tremendous losses due to US and EU sanctions, reports finanz.ru.
By the end of the year, the largest Russian government bank will have disposed of its subsidiary in Turkey. Denizbank will be sold to Emirates NBD Bank, one of the largest banks in the UAE. A binding agreement has already been signed, Sberbank reported in an IFRS report on Thursday.
The deal is priced at 14.6 billion lira, equivalent to $2.35 …
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Erdogan promises to support Ukraine’s sovereignty
Turkey continues to maintain and develop strategic relations with Ukraine, stated Turkish President Recep Tayyip Erdogan in his congratulations to Ukrainian President Petro Poroshenko and to Ukrainians on the 27th anniversary of Ukraine's independence.
“Our relationship with Ukraine as a strategic partner is strengthening in every industry and the long-standing friendship between our people is deepening every day. We are happy to see a mutual desire at bringing our cooperation to an even …
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Erdogan asks Dzhemilev for the list of Ukrainian prisoners held in Russia
Turkish President Recep Tayyip Erdogan asked the leader of the Crimean Tatars Mustafa Dzhemilev to give him the list of Ukrainian prisoners detained in Russia and promised to discuss this issue with Putin, Dzhemilov said in an interview to Radio Svoboda.
“During our recent meetings – it was on July 12 – Poroshenko (Petro Poroshenko, the president of Ukraine) and I were present at the opening of the Trans-Anatolian gas system. We met again with Erdogan. I told him that there are more than 70 …
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Media: Russia warned Turkey about military coup
It was Russia that gave Turkish national intelligence information on the military coup being planned in the country, Iranian news outlet Fars reports, citing unidentified Arabic media. The information concerned Turkish President Recep Erdogan directly. Several helicopters were reportedly heading for a hotel in the Marmaris resort where the president was located at the time. Erdogan left the hotel 44 minutes before they arrived.
According to unidentified Turkish diplomats, the Russian army in …
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Turkey preparing new military operation in Syria
President of Turkey Recep Tayyip Erdogan stated that the country is in the final stages of preparation of a new military operation in Syria, reported Anadolu news agency.
“With God’s help, in the near future, we will free new territories and secure peace there,” said Erdogan.
He noted that Ankara is in the final stage of preparing for an operation in new Syrian regions. So, just like before, with the military operations “Euphrates Shield” and “Olive Branch,” stability could be achieved. …
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Russian ruble wiped out by capital outflow
The Russian currency market continues to sink due to the risk of sanctions and the outflow of foreign capital, finanz.ru reports.
After gaining 2.05 rubles on Wednesday, 1.11 on Thursday, the US dollar gained a further 1.24 rubles during trade on Friday, reaching 67.8975 rubles, the highest since April 18, 2016. The euro appreciated by 48 kopeks for the day and 3.11 rubles since the start of the week, updating its 4-month high to 77.43 rubles.
There is a growing lack of foreign currency in …
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Turkey wants to trade with Ukraine and Russia in national currency
Turkey is preparing to carry on trade in national currencies with its largest trading partners, such as Ukraine, China, Russia and Iran, writes Kommersant newspaper.
According to Turkish President Recep Tayyip Erdogan, if European countries want to get rid of the dollar "shackles" then Ankara is ready to create similar trade system with them.
Turkey does not accept the world order in which the world has declared an economic war, and countries are pressured by the threat of imposing sanctions, …
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Erdogan: Turkey does not plan to abandon Iranian gas because of US position
Turkey does not intend to refuse gas supplies from Iran even if Washington iponses sanctions against Tehran, said Turkish President Recep Tayyip Erdogan as reported by CNN Turk television channel.
“I used to say to [ex-US President Barack] Obama:” sorry, but we are buying gas from Iran.” Where else can I buy it, if not from Iran? My citizens will freeze in the winter and then what will I do? I passed on the same message to [the President, Donald] Trump,” the president noted.
Erdogan confirmed …
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Erdogan: Russia and Turkey conduct negotiations on electronic payments
Turkey and Russia negotiate the possibility of moving to electronic payments, reported Turkish President Recep Tayyip Erdoğan during the 10th BRICS summit in Johannesburg.
“During my trip [to Africa], payment in national currencies became an important topic for negotiations. I discussed this issue with the leaders of each country I interacted with. In fact, we have already come to an agreement with Russia and China. The heads of our central banks and finance ministers also focus on this topic. …
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Erdogan threatens the US with legal action if supply of F-35 fighter jets is blocked
If the US blocks the supply of the new fifth generation American fighter jet F-35 to the Turkish Air Force, Ankara may file a suit against the US in international arbitration, said Turkish President Recep Tayyip Erdogan in a broadcast on Habertürk TV.
It was recently reported that the US Congress has banned the supply of the F-35 Joint Strike Fighter Jet to the Turkish army.
Lawmakers in Congress are leveraging the supply of the F-35 in order to put pressure on Turkey regarding its decision …