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Amidst the prolonged war between Russia and Ukraine, many countries, including Turkey are assisting either of the nations by providing them arms, ammunition, armored vehicles, and missiles to keep the war going rather than trying to stop the war.
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“TRADE BETWEEN TURKEY AND RUSSIA SHOULD DECLINE.”- UNITED STATES OF AMERICA INTRODUCTION Amidst the prolonged war between Russia and Ukraine, many countries, including Turkey are assisting either of the nations by providing them arms, ammunition, armored vehicles, and missiles to keep the war going rather than trying to stop the war. As the war is going on for more than 1 year now, the United States of America applied various sanctions and strict policies on Russia as it invaded Ukraine. These sanctions discouraged international trade to and from Russia to any country in the world.
With the application of these strong sanctions, multiple nations backed out from supplying weapons and other items to Russia and Ukraine, but Turkey didn’t stop and continued assisting Russia with all that they need in the war as the supply from the Black Sea was not hindered. Despite numerous warnings from the US, Turkey was rigid and didn’t abide by any sanction, rule, or policy. But now, as the pressure was laid by the G7 countries on Turkey, the nation has finally decided to back out from this trade with Russia. TRADE DROP HAS BEEN NOTICED BETWEEN TURKEY AND RUSSIA – TURKEY TRADE DATA FALLS As per the statement released by one of the senior US officials, Turkey has now stopped the trade of all the sanctioned goods to Russia. This has become possible only due to the pressure created by Washington and G7 countries on Turkey. The US official also mentioned that constant monitoring would be done of Turkey Trade Data with Russia to become sure that the nation has stopped the trade of all sanctioned and restricted goods. James O’Brien, who is the head of the US SDOSC said that the Turkish government is very strict and clear that they will ban the exports of all sanctioned products from Turkey to Russia. Till the year 2022, as per Turkey Export Data report, the nation exported total goods worth USD 26.42 billion to Russia including guns and revolvers, bombs and grenades, gun spare parts, armored vehicles, missiles, etc. worth million dollars.
Now, as Turkey has agreed to stop the exports of these products to Russia, the dominance of these items will also decrease in Turkey Export Data for the year 2023. CONCLUSION At the end of this blog, we would like to state that the US Is trying its best to stop this lethal war that is going on between Russia and Ukraine for more than a year now. The sanctions it levied on Russia are for the betterment of the world and a way to stop this war at the earliest. Third countries like Turkey, Germany, and UK, who are supplying war-related products to these nations are fueling the war which has been stopped to a certain extent now. As a close monitoring process would take place on Turkey Import Data as well as Turkey Trade Data as a whole to check if still, the nation is trying to export or import any sanctioned item to and from Russia or Ukraine or not. We are the best Import Export Data providing company available online which has one of the vast and rich Export Import data reports for more than 70 countries now. Get in touch with us today if you are looking for any such report or database for making your international trade strategies and plans and be a part of out 5000+ happy customers family. Source URL: united-states-of-america https://tradeimex1.hashnode.dev/trade-between-turkey-and-russia-should-decline-
