Turkey agreed on partial payment for Russian gas in rubles

President of Russia Vladimir Putin and Turkish President Recep Tayyip Erdogan discussed gas deliveries to Turkey in Sochi on August 5. As a result, Turkey agreed to partially pay for Russian gas supplies in rubles, in spite of sanctions.

Source: Russian Deputy Prime Minister Alexander Novak

“There was an important component; deliveries of gas to the Republic of Turkey were discussed, which is supplied in a fairly huge volume – 26 bln cubic meters per year. The Presidents agreed during talks that we will start partial gas deliveries and payment in rubles,” Novak said.

It should be noted that the Turkish side has not yet confirmed, but also not denied, this statement.

According to him, during the negotiations, the Russians managed to reach “very important decisions that take our economic relations to a new level.”

“Energy is the key sphere of Russian-Turkish relations discussed in high detail by leaders during talks.”

Thus, Novak announced “agreements” in the financial and banking spheres, and Putin and Erdogan, as the Russian Deputy Prime Minister noted, “discussed in detail the construction of the Akkuyu NPP and Turkish Stream.”

See also: Nine G20 countries did not support anti-Russian sanctions


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