Turkish banks have refused to work with Russian banks, fearing secondary sanctions. Source: Kremlin-aligned news agency Kommersant, with reference to financial market sources and foreign trade participants.
Several banks have rejected payments from Russian importers for deliveries of electronic goods, Kommersant reports, citing market sources Read Full Article at RT.com
Russian officials and international media have given prominent coverage to Moscow’s plans for a transcontinental trade corridor southward to Iran via the Caucasus. These efforts aim to end-run Western sanctions and expand Russian trade in the Indian Ocean basin and beyond. But Russian experts concede that the opening of such a route is months or even years away, with some …