Turkey and Russia agreed in principle: use rubles to pay some Russian natural gas

Author:Global Times Time:2022.08.12

According to today's Russian Television (RT) reported on the 11th, as part of the deepening of trade relations between Turkey and Russia, the Turkish Department of Energy announced on Thursday that Turkey and Russia have agreed in principle to use the Russian natural gas procurement costs of the Russian settlement.

Russian Xinhe information map

According to the news of Tas Society and Anadu Dalu News Agency, Turkish Energy and Natural Resources Minister Fatih Donmez stated on Thursday that all details about the use of Russia to settle Russia to Turkey's natural gas will be finalized in recent days. He said: "We don't want to disclose the proportion of (Russian natural gas) paid by rubles so far. Price, time, and other details will be determined quickly." He added that the two parties also discussed the arrangement of the use of Turkish lira to pay some Russian natural gas arrangements. Essence

Last week, Russian President Putin and Turkish President Erdogan held talks in Sochi. The two sides agreed to use the ruble settlement some of the Russian natural gas costs. The plan will be clear recently.

Russian President Putin and Turkish President Erdogan. Source: Visual China

RT mentioned that the Russia and Turkey also signed a roadmap of economic cooperation, intending to increase the amount of bilateral trade to $ 100 billion per year. During the meeting, the presidents of Russia also discussed a series of extensive topics, including Ukrainian grain exports.

Earlier this month, Russian President Putin pointed out that EU countries should thank Turkey for ensuring that they can reliable Russia's natural gas to the EU through the Turk Stream pipeline.

RT reported that at the same time, Western countries imposed unprecedented sanctions on Russia because of the Russian and Ukraine conflict, but Turkey refused to join the sanctions against Russia, but has been promoting ceasefire negotiations between Russia and Ukraine. (Edit: HHJ)

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