Erdogan confirms agreement to pay for Russian gas in rubles

Russian Deputy Prime Minister Alexander Novak said earlier that Moscow and Ankara agreed to start partially paying for Russian gas in rubles 756597873119120.webp 673w” type=”image/webp” media=”(max-width: 320px) and (min-resolution: 192dpi)” >< source srcset=" 1200w" media="(min-resolution: 192dpi)" >

Recep Tayyip Erdogan

Turkish President Recep Tayyip Erdogan and Russian leader Vladimir Putin agreed on payments for Russian gas in rubles during talks in Sochi. Erdogan said this in an interview with Turkish media after a visit to Russia. The day before, Russian Deputy Prime Minister Alexander Novak announced such agreements.

“We agreed with Putin on payment in rubles (for natural gas trade). We hope that this will bring financial benefits to both countries,— he said (quote from Anadolu).

Speaking of the talks, Erdogan also mentioned the topic of using Russian Mir cards in Turkey.

“There is also a map” World ” Russia. Now five of our banks are working on it. There are also very serious developments here,»,— said the Turkish leader, noting that during his visit to Sochi, negotiations were held between the leadership of the central banks of Russia and Turkey.

The fact that Moscow and Ankara agreed to start partially paying for gas supplies from Russia in rubles was announced on August 5 by Deputy Prime Minister Alexander Novak. According to him, the parties are discussing a gradual transition to settlements in national currencies. He called it a new stage and a new opportunity, including for the development of monetary and financial relations between the two countries.

Russia supplies gas to Turkey through the Blue Stream pipelines. and Turkish Stream. At the end of 2021, the volume of supplies amounted to 26.76 billion cubic meters. As Gazprom noted, this is 63% more than a year earlier.

Read on RBC Pro Pro x The Economist Inflation 160%: why the Turkish authorities cannot contain price increases from banner blindness: what advertising is most effective today Articles Pro Companies change software at extreme speeds. What Mistakes They Make How To Pro Alibaba Founder Jack Ma: “I Want To Die On The Beach, Not In The Office” along the Blue Stream started in 2003, the annual capacity of the project— 16 bcm m of gas. In 2021, the maximum volume of gas delivered to it since the start of operation— 15.98 bcm m, reported “Gazprom Export”.

“Turkish Stream” launched in early 2020. The first string of the gas pipeline is intended for Turkish consumers, the second— for the countries of Southern and South-Eastern Europe. The total capacity of the two lines is 31.5 billion cubic meters. mv year.

In the spring, against the backdrop of Western sanctions, Russian President Vladimir Putin converted gas payments for unfriendly countries (Turkey does not belong to them) into rubles. A number of European countries, including Bulgaria, the Netherlands, Denmark, Poland and Latvia, refused to pay under the proposed scheme, and Gazprom suspended deliveries there.

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