Russian citizens opened more than 1,300 companies in Turkey in 2022 – 670 percent. More than 2021.
Turkey and Russia are strengthening ties
The increase demonstrates the interest of Russians to invest their capital in Turkey after Moscow launched its offensive against Ukraine, Bloomberg noted.
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The European Union and the United States have been critical of the growing relationship between the two countries, stressing it These ties allow Moscow to avoid international sanctions imposed on it as a result of its occupation.
Turkish President Recep Tayyip Erdogan has refused to join the sanctions, opening the country to Russian investors, including oligarchs seeking to hide their assets from being acquired under international sanctions, the agency noted.
This is how American goods come to Russia
In 2022, 10 Russian companies subject to US sanctions received $30 million worth of goods from Turkey in 2022, the Wall Street Journal reported in February. Among them were American products. The daily notes that Ankara is playing both sides in the Russian-Ukrainian conflict.
The United States joined more than 30 countries in imposing economic sanctions on Russia in response to Russia’s invasion of Ukraine. This would deprive the Kremlin of the funds and technology it needs to wage war. Turkey, a member of NATO, has also announced that it will not join the sanctions – “WSJ” reminds.
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