Turkey is able to purchase and transport oil from Russia without Western financing or insurance. This was stated by the Minister of Treasury and Finance of Turkey Nudddin Nebati in an interview with The Wall Street Journal.
“We must take the necessary measures to satisfy our needs, as well as do everything necessary to protect the interests of our country. Turkey can buy and transport Russian oil without the need for Western financing or insurance if necessary. In case of any sanctions by Turkey There is all the possibilities for developing tools to adapt to a new situation without violating any of the sanctions, ”he said.
The Minister of Finance noted that while “the maximum price of Russian oil has not yet been put into effect.” In addition, the Turkish government has plans to implement economic transformations in the country. “We hoped that it would be a little painful. But it was the war (in Ukraine – ed.) That the intensity of pain increased,” Nuddin Nebati added.