Stay updated with breaking news from Turkish exports. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
(Bloomberg) Turkey stopped all trade with Israel as of Thursday, according to two Turkish officials familiar with the matter, adding to already high-running tensions between the once-close allies over the war in Gaza. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTurkey Halt ....
A U.S. threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports, according to seven sources familiar with the matter. The U.S. executive order in December did not explicitly target energy but it has complicated some Turkish payments for Russian crude as well as Russian payments for a broader range of Turkish exports, the sources said. U.S. sanctions aim to reduce the Kremlin's revenue and disrupt its war in Ukraine without choking Russian oil flows to global markets, to avoid a politically sensitive jump in U.S. gasoline prices with President Joe Biden seeking re-election in November. ....
With a total export value of approximately $9.26 billion (TL 278.73 billion), Türkiye achieved its highest-ever export to Spain of all time last year,. ....
Turkey recorded $158 million in exports of 45 goods like microchips, marked by the U.S. as "high-priority," to Russia and five "former Soviet countries" serving as intermediaries for Moscow, the Financial Times noted. ....