Turkey agreed to pay in rubles a quarter of supply of gas from
"As you know, our agreement on the supply to Turkey of natural gas should be operational in the near future, subject to payment of 25% of these supplies in rubles. The issue is agreed, work will happen according to our arrangements," Putin said. According to him, Russia is ready to significantly increase the amount of exports to Turkey in all areas of mutual interest. During the talks with Erdogan, Putin noted that the Turkish Press was shipped without failure.
In his opinion, it is one of the most reliable routes of supply of energy from the Russian Federation, supplements the RBC agency. The gas supplied through Turkey is interesting not only to Ankara but also to the European Union, the President of the Russian Federation said. Russia currently supplies about 26 billion cubic meters of gas to Turkey every year. Two countries agreed to pay for gas supply in rubles in August this year.
Western allies of Ukraine spoke about the possible imposition of sanctions against Ankara for the rapprochement of Turkey and Russia in economic terms. According to the sources of the Financial Times, the Western countries can urge their companies to leave the Turkish market. Turkey runs the risk of losing up to $ 800 billion due to such measures. The President of Turkey promised the US to prevent violations of sanctions against the Russian Federation.
Fitch experts in communication with Bloomberg said that sanctions against Ankara will contribute to spiral inflation. Turkey can fall in the economic rating to the "garbage level", economists said. Recall that Rezhep Erdogan previously spoke about Europe's personal responsibility because of refusing to supply Russian gas on the eve of winter. European countries, in his opinion, are experiencing energy crisis and "reaping their fruits".