Turkey’s Feb exports to Russia down 34% from year earlier

Listen to this article:

FILE PHOTO: Russian-flagged bulk carrier SV Nikolay is unloaded at Izmir port in Turkey June 25, 2022. REUTERS/Yoruk Isik/File Photo

ANKARA (Reuters) – Turkey’s exports to Russia in February fell 33% year on year to $670 million, trade ministry data showed on Saturday.

That was down from $1.1 billion in February 2023.

Imports from Russia fell 36.65% to $1.3 billion from $2 billion a year earlier.

A U.S. threat to impose sanctions on financial firms doing business with Russia has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports, Reuters reported this week.

 

(Reporting by Huseyin Hayatsever; editing by Jason Neely)