Recent reports highlight the significant repercussions of US sanctions on the trade relationship between Türkiye and Russia.

Ednews, citing sozcu.com.tr, reveals that while US sanctions target Russia's trade network, the trade volume between Russia and key partners like Türkiye and China has sharply declined. The pressure exerted by the US on banks facilitating trade with Russia has hindered the flow of money into the country, making transactions increasingly challenging.

According to experts, US directives issued last year prompted banks to limit transactions with Russia, impacting Moscow's trade volume with main partners, including Türkiye and China, particularly in the first quarter of this year.

Financial transactions unrelated to the conflict have also been affected by the sanctions, with currency conversion and commission costs surging for transactions involving Russia.

Furthermore, the sanctions have taken a toll on Türkiye-Russia trade, with Türkiye experiencing a significant decrease in exports following the imposition of sanctions. Despite an initial increase in trade volume post-Russia-Ukraine conflict, Türkiye's exports to Russia plummeted in the first quarter of this year.

Specifically, Türkiye's exports of "high-priority" goods to Russia and neighboring countries witnessed a drastic decline, highlighting the tangible impact of sanctions on bilateral trade dynamics.