Turkish banks have begun to tighten restrictions for Russian clients. This was reported by the Vedomosti newspaper with reference to business owners trading with Turkey, financial consultants and representatives of business associations.
It is noted that banks began to close accounts of Russian companies and tightened the requirements for individuals from Russia who want to get a card.
The publication claims that the restrictions have tightened after the decree of US President Joe Biden on December 22, 2023, which allows the US Treasury to introduce measures against foreign banks that help carry out transactions with sanctioned persons from Russia. The organizations were threatened with inclusion in the American SDN list. After that, they began to close the correspondent accounts of a significant part of companies and Russian banks.
At the same time, Turkish financial organizations began to abruptly stop processing payments from Russia at the beginning of 2024. And now the calculations are still frozen. And if earlier it was primarily about companies that were subject to sanctions, now relations with other organizations are being terminated, the media writes.
Chinese state banks are also introducing restrictions on providing financing to Russian clients, Bloomberg previously noted.
Source: Rosbalt
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