It is, in particular, about increasing trade and cooperation in the field of energy, finance and trade of two countries. Official negotiations on imposing a sanction against Turkey in the European Union have not yet been conducted. However, European officials closely monitor the development of relations between Moscow and Ankara, preparing to respond as needed.
For example, pressure on Western companies and banks is considered to leave the Turkish market or, at least, significantly reduced their presence in the country. "I would not exclude any negative action if Turkey is too close to Russia," one of the European diplomats said. The publication specifies that such measures are able to undermine the economy in Turkey, which is so suffering from inflation. At the same time, there is no consensus in European countries against Ankara.
Most likely, many countries will not finally lose the profitable Turkish market for themselves, so they can speak against such a decision. In Ankara, they are well aware of what threatens the country of rapprochement with the aggressor country, continues the publication.
In addition, in June, the US Deputy Minister of Finance Walley Adheyemia held a working meeting with representatives of the Turkish business and banned them of Washington's readiness to impose secondary sanctions for cooperation with the Russian Federation. Despite this, Turkish President Recep Erdogan has already announced the development of the Russian Payment System "Mir" in the country, which is just a way to bypass Western sanctions.
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