Turkish banks closing Russian accounts – Vedomosti ...News

Russia Today - Economy
Turkish banks closing Russian accounts – Vedomosti
source : Russia Today ( News ) () 25
The moves reportedly follow warnings of secondary sanctions by Washington Turkish banks have started closing Russian corporate accounts and tightening policies for individuals following threats of secondary sanctions from the US, business daily Vedomosti reported on Thursday, citing financial consultants and business owners. The sources said that the situation had worsened after US President Joe Biden signed an executive order in December announcing that secondary sanctions could be placed on foreign banks suspected of supporting Russia. Media reports emerged earlier this month that Turkish financial institutions

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