Turkish Trade With Russia Drops 35% Due to Sanctions and Payment Disruptions

• Turkey's Feb exports to Russia down 34% vs year earlier, at $670 mln • Down from $1.1 bln in Feb 2023 • Imports from Russia fell 36.65% to $1.3 bln from $2 bln • US sanctions threat has chilled Turkish-Russian trade • Payments disrupted for Russian oil imports & Turkish exports