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He also said Turkey was advantageous for supply chains, citing cooperation on the production and procurement of 155mm ammunition - an important shell in the Ukraine-Russia war - as an example.
The Kremlin is unmoved by President Trump’s threats to impose sanctions if Russia does not bow out of its conflict with Ukraine. “We don’t see any particularly new elements here. You know ...
ISTANBUL (Reuters) -Turkey expects Donald Trump's White House will lower tariffs on its steel and textile exports, the trade minister said on Thursday, as the lira and Turkish assets continued to ...
In March 2023, when the EU adopted new sanctions against Russia, Russian diamond exports to Europe and other nations remained unaffected. While calls from Ukrainian nationals and EU officials to strictly apply sanctions to Russian-sourced diamonds had been referred to the G7, such measures had only experienced weak support from European ...
Russian President Vladimir Putin described the incident as "a stab in the back by the accomplices of terrorists" and further stated that "today's tragic events will have significant consequences including for relations between Russia and Turkey". [23] In response, Russia imposed a number of economic sanctions on Turkey.
The TurkStream and Blue Stream pipelines connect Russia and Turkey under the Black Sea. [171] In 2022, Turkish President Recep Tayyip Erdoğan said that Turkey could not join sanctions on Russia because of import dependency. [172] Turkey received almost half of its gas from Russia. [173]
US President-elect Donald Trump threatened to levy 100% tariffs on BRICS -- a China- and Russia-led group of nations with emerging economies -- if the countries decide to issue their own currency.
The United States is poised to impose sanctions on Turkey over its acquisition last year of Russian S-400 air defense systems, five sources including three U.S. officials told Reuters on Thursday ...