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


  • World
  • Saturday, 02 Mar 2024

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)

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