https://en.sputniknews.africa/20240516/russian-firms-increasingly-banking-with-gulf-countries-commerce-chamber-says-1066577986.html
Russian Firms Increasingly Banking With Gulf Countries, Commerce Chamber Says
Russian Firms Increasingly Banking With Gulf Countries, Commerce Chamber Says
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KAZAN, Russia (Sputnik) – Russian companies have been turning to the Persian Gulf in search of business banking alternatives to Turkey, the head of Russia’s... 16.05.2024, Sputnik Africa
2024-05-16T16:40+0200
2024-05-16T16:40+0200
2024-05-16T16:40+0200
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Katyrin, who spoke on the sidelines of the International Economic Forum "Russia - Islamic World: KazanForum" in the Russian city of Kazan, said that financial exchanges between Russia and Turkey continued — but not without hitches. Russian Ambassador to Turkey Aleksey Erkhov accused the West in April of piling pressure on Turkey to end financial exchanges with Russia. He said in February that US diplomats in Turkey were trying to force Turkish companies to stop doing business with Russia.
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international, turkey (turkiye), russia, west, bank, banking, middle east, recep tayyip erdogan, economy
Russian Firms Increasingly Banking With Gulf Countries, Commerce Chamber Says
KAZAN, Russia (Sputnik) – Russian companies have been turning to the Persian Gulf in search of business banking alternatives to Turkey, the head of Russia’s Chamber of Commerce and Industry told Sputnik.
"Banking with the Persian Gulf has been increasingly popular with Russian entrepreneurs. They still face problems [when opening bank accounts] there, but challenges are not as great as in Turkey," Sergey Katyrin said.
Katyrin, who spoke on the sidelines of the International Economic Forum "Russia - Islamic World: KazanForum" in the Russian city of Kazan, said that financial exchanges between Russia and Turkey
continued — but not without hitches.
"The system of financial transactions between Russian and Turkish businesses is more or less functional. The situation varies from sector to sector," he said.
Russian Ambassador to Turkey Aleksey Erkhov accused the West in April of piling pressure on Turkey
to end financial exchanges with Russia. He said in February that US diplomats in Turkey were trying to force Turkish companies to stop doing business with Russia.
