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0 sats \ 1 reply \ @cryptocoin OP 8 Aug 2022 \ on: Turkey Agrees To Pay For Russian Gas With Rubles bitcoin
Russian President Vladimir Putin announced months ago that unfriendly nations would be required to pay for Russian energy through a rubles account to insulate Russia from the effects of Western sanctions.
While Russia would not consider Turkey an unfriendly nation, Turkey’s payment in rubles for Russia’s natural gas would protect those payments from sanctions, and could smooth things over with Moscow, who might otherwise frown on Turkey’s activities in Syria.
Last month, Turkey also helped broker a deal to ship grain between Russia and Ukraine, further strengthening ties between Russia and Turkey.
Turkey imports nearly half of the gas it uses from Russia.
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0 sats \ 0 replies \ @cryptocoin OP 8 Aug 2022
Another article on this development:
The official said nations that have imposed sanctions on Russia could act against Ankara by “calling on Western firms to either pull out of relationships in Turkey, or to shrink their relationships with Turkey, in light of the risk that would be created by Turkey expanding their relationship with Russia”.
However that suggestion was dismissed by several other western officials, who questioned how it would work in practical and legal terms and whether it would be a good idea.
Alarm mounts in western capitals over Turkey’s deepening ties with Russia https://ft.com/content/00badf9e-f0d9-417f-9aec-9ac1c2207835 https://archive.ph/c3s0k
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