turkey
Banks in China, the UAE, and Turkey have boosted sanctions compliance leading to Russian oil firms facing months of delays in receiving payments, Reuters reported on March 27. In some cases, money transfers to Moscow have been rejected entirely, several sources familiar with the matter told the outlet. The U.S. in December introduced secondary sanctions to target foreign financial institutions that support Russia’s war effort, even if they do so unknowingly. As a result, banks have begun demanding written guarantees from clients ensuring that payments will not benefit any person or entity name...
Kyiv Independent (CA)
Editor's note: This is a developing story. President Volodymyr Zelensky arrived in Turkey on March 8 to meet his Turkish counterpart, Recep Tayyip Erdogan. Among the topics the Ukrainian and Turkish leaders are planning to discuss are Ukraine's peace formula, the safety of navigation in the Black Sea, as well as the release of Ukrainian prisoners held by Russia, the President's Office said. This is Zelensky’s second visit to this country since Russia launched its full-scale invasion against Ukraine. After the previous trip in July 2023, Zelensky brought home five commanding officers who defend...
Kyiv Independent (CA)
President Volodymyr Zelensky will meet his Turkish counterpart Recep Tayyip Erdogan on March 8 in Turkey, the Turkish Presidency said on X. The two leaders will discuss Russia’s war, the Black Sea grain deal, and bilateral relations, according to the announcement. The grain deal, first brokered by Turkey and the UN in July 2022, allowed Ukraine to export its grain even amid the ongoing full-scale Russian invasion. Moscow unilaterally terminated the deal in July 2023. Ukraine launched a new Black Sea corridor in August without Russia's participation. Erdogan visited Sochi on Feb. 4 to meet Russ...
Kyiv Independent (CA)
Turkey's Dortyol oil terminal in the Mediterranean Sea has halted business with Russia as pressure caused by U.S. sanctions mounts, Reuters reported on March 5. Western countries have sanctioned Russian oil trade due to Moscow's full-scale invasion of Ukraine in 2022. In response, Russia shifted its focus to other markets, including Turkey, China, and India. Turkey became Russia's biggest buyer in the Western hemisphere, purchasing 24% of its oil products and 5% of its crude last year, according to the Center for Research on Energy and Clean Air. Global Terminal Services (GTS), which operates ...
Kyiv Independent (CA)
Turkish Foreign Minister Hakan Fidan called for discussions on a ceasefire in Ukraine to begin following a diplomatic forum in the Turkish city of Antalya, Reuters reported. “On the issue of Ukraine, our view is that both sides have reached the limits of what they can get by war. We think that it is time to start a dialogue for a ceasefire,” Fidan said on March 3, Reuters reported. Fidan met Russian Foreign Minister Sergei Lavrov on March 1 during the forum, telling reporters that the two had discussed several issues, including the war in Ukraine, according to Reuters. The foreign minister add...
Kyiv Independent (CA)
Turkey is ready to again host peace talks between Russia and Ukraine, Turkish President Recep Tayyip Erdogan said in a video address to the Ukraine-Southeast Europe summit on Feb. 28, the Anadolu news agency reported. The final rounds of unsuccessful peace talks in 2022 took place in the Turkish city of Antalya. Maintaining close ties with both Moscow and Kyiv, Ankara sought to position itself as a mediator in the war. Speaking to the summit's participants, Erdogan said that diplomacy should be given a chance to "fair and lasting resolution" of the full-scale war, which has entered its third y...
Kyiv Independent (CA)
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