Source: Turkey Follows China in Move Likely to Infuriate Putin
Turkish banks have started to refuse to work with Russian banks, according to a Russian media report, which follows a similar move by institutions in China to avoid secondary sanctions linked to Vladimir Putin‘s full-scale Ukraine invasion.
Russian business newspaper Kommersant reported on Wednesday that Turkish banks had terminated relationships with almost all Russian credit institutions and suspended payment processing, although there was an exception for foreign subsidiary banks in Russia.
Sources told the paper that dealings between Turkish banks and Russia were complicated by U.S. President Joe Biden‘s executive order in December imposing secondary sanctions against foreign firms that help Moscow in the war.
Biden’s order allows U.S. authorities to disconnect foreign banks from the U.S. financial system that violate sanctions imposed against Moscow.
Logistics companies working with Turkey told Kommersant that cross-border payments have become much more complicated and that more data and documents were required to confirm that sanctions rules were not being violated.
据俄罗斯媒体报道,土耳其银行已开始拒绝与俄罗斯银行合作,此前中国机构也采取了类似举措,以避免因普京全面入侵乌克兰而受到二次制裁。俄罗斯商业报纸《生意人报》周三报道称,土耳其银行已终止与几乎所有俄罗斯信贷机构的联系,并暂停支付处理,但俄罗斯境内的外国附属银行除外。