According to the newspaper, the situation escalated in December 2023, when Biden signed a decree on secondary sanctions. It is assumed that this decree was the reason for the breakdown of correspondent relations between Turkish and Russian credit institutions. Similar difficulties began to arise with Chinese banks.
“Turkey became one of the first countries whose banks began to close correspondent relations with the Russian Federation… disconnection from dollar payments is not wanted by any bank,” said the interlocutor of the publication.
