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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 ...
NEW YORK (Reuters) -A U.S. appeals court on Tuesday said the federal government may prosecute Turkey's Halkbank on charges it helped Iran evade American sanctions, rejecting the state-owned lender ...
U.S. prosecutors charged Halkbank in 2019 over its alleged use of money servicers and front companies in Iran, Turkey and the United Arab Emirates to evade sanctions.
[101]: 145 Because Russian imports from the West declined after sanctions, Russia's trade balance rose sharply, increasing cash reserves and the economy generally. [101]: 145 By June 2022, the Russian ruble had risen sharply and was one of the world's best performing countries.
On 26 February, S&P Global Ratings downgraded the Russian government's credit rating to "junk", causing funds that require investment-grade bonds to dump Russian debt, making further borrowing very difficult for Russia. [41] The Central Bank of Russia announced interventions, its first since the 2014 annexation of Crimea, to stabilise the ...
In mid-August 2018, Russia and Turkey backed one another in their respective disputes with the United States. Russia condemned U.S. sanctions against Turkey over the detention of Andrew Brunson, [48] while Turkey stated its opposition to U.S. sanctions on Russia over the annexation of Crimea and interference in the 2016 U.S. elections. [48] [49 ...
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.
Following the full declaration of the Russian invasion of Ukraine, which started on 24 February 2022, institutions such as the United States, the European Union, [1] and other Western countries [2] introduced or significantly expanded sanctions covering Russian President Vladimir Putin, other government members [3] and Russian citizens in general.