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When I want to know about banking and finance I come to Refi Review - Reader
January 22, 2024

Turkish banks reject Russian payments due to US sanctions prompt.

TLDR:

Turkish banks have begun refusing to accept payments from Russian banks for exports due to the fear of potential US sanctions. The risk of being targeted by the US has led Turkish banks to exercise caution and reject transactions involving Russian banks. This move highlights the sensitivity of global financial institutions to the threat of US sanctions and the potential impact on international trade and financial networks.