icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
3 Feb, 2023 16:09

Türkiye and UAE told to cut trade ties with Russia – Bloomberg

A US Treasury official reportedly argued that attempts to damage the Russian economy are being hampered
Türkiye and UAE told to cut trade ties with Russia – Bloomberg

US officials have warned Türkiye and the United Arab Emirates against maintaining economic and financial ties with Russia because trade is undermining sanctions, Bloomberg reported on Friday, citing people with knowledge of the matter. 

The warnings were reportedly voiced by Brian Nelson, the undersecretary for terrorism and financial intelligence at the US Treasury, during meetings with Turkish officials on Thursday and Friday. 

Nelson’s visit to Türkiye comes as part of a regional tour that included the UAE earlier this week, and is said to be aimed at discussing Washington’s concerns over rising exports to Russia that include US goods.

US officials have called on the two countries to clamp down on the flow of goods to Russia, the sources told the news agency, adding that millions of dollars’ worth of export-controlled items were reaching the sanctions-hit country, and could be used by the defense industry to extend the conflict in Ukraine.

Scores of Turkish exporters shipped over $800 million worth of goods to Russia, including $300 million in machinery and another $80 million in electronics in the eight months through October 2022, according to people who spoke on condition of anonymity. 

Other areas of concern reportedly include Russian vessels either sanctioned or subject to export controls making port calls in Türkiye. 

Meanwhile, the UAE has maintained ties with both Ukraine and Russia. The Gulf state’s ruler, Mohammed bin Zayed Al Nahyan, traveled to meet Russian President Vladimir Putin in October amid the continuing conflict in Ukraine. The leaders expressed Moscow and Abu Dhabi’s willingness to develop cooperation on all levels.

For more stories on economy & finance visit RT's business section

Podcasts
0:00
28:6
0:00
27:11