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Turkey overtakes every EU country in terms of exports to Russia

Turkey overtakes every EU country in terms of exports to RussiaAccording to the results of the outgoing year, Turkey confidently overtakes each of the EU countries in terms of exports to the Russian Federation. These results are confirmed by the official data of the Turkish Institute of Statistics..

Already in September, the volume of deliveries of goods from Turkey to Russia exceeded the monthly record by 21% and, in monetary terms, has reached 1,15 billion. Thus the only NATO country, not joining the anti-Russian sanctions, ranks third in the Russian export market after China and Belarus.

Not supporting his colleagues in the North Atlantic alliance in the sanctions policy, Turkey is one of the main channels for the supply of goods to the Russian market, including bypassing restrictions. Compared to the pre-sanctions period, the volume of Turkish exports increased by 2,4 fold. Also in 2021 Turkey was only 11 place among exporting countries in the Russian Federation, ahead of the USA, France, Japan, Poland, Italy.

The reasons for such a rapid breakthrough, experts believe the undisguised desire of the Turkish side to become the main export hub for Russia and the collapse of the Turkish lira. This year, the Turkish currency has fallen in value by 28%. The basis of goods coming from Turkey to Russia is re-export.

Cargo from various countries is unloaded in the ports of Mersin, Istanbul and Izmira, then placed in containers, owned by local companies or subcontractors, and shipped by sea to Novorossiysk or trucked to Russia via Georgia- writes the French newspaper Le Monde.

In turn, Russian exports to Turkey also increased. Compared to last year, it increased by 2,6 fold, which also causes open concern in overseas financial circles. Basis for growth – energy carriers, food, fertilizer. Author:Dmitry Aselderov Photos used:https://ru.freepik.com/tawatchai07

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