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Turkey's booming wartime trade with Moscow took a giant step back on Wednesday with confirmation that the last three banks still processing Russian payments were pulling out under pressure from Washington.
The decision follows weeks of intensifying pressure from the United States for NATO member Turkey to limit its booming economic relations with Russia.
The US Treasury warned last week that Turkish banks working with Russian Mir bank cards "risk supporting Russia's efforts to evade US sanctions" and could face economic penalties themselves.
Two private Turkish lenders that began processing Mir after Turkish President Recep Tayyip Erdogan met Russian counterpart Vladimir Putin in August suspended the transactions earlier this month.
www.rfi.fr
The decision follows weeks of intensifying pressure from the United States for NATO member Turkey to limit its booming economic relations with Russia.
The US Treasury warned last week that Turkish banks working with Russian Mir bank cards "risk supporting Russia's efforts to evade US sanctions" and could face economic penalties themselves.
Two private Turkish lenders that began processing Mir after Turkish President Recep Tayyip Erdogan met Russian counterpart Vladimir Putin in August suspended the transactions earlier this month.
Turkey bows to US pressure, cuts Russian bank ties
Turkey's booming wartime trade with Moscow took a giant step back on Wednesday with confirmation that the last three banks still processing Russian payments were pulling out under pressure from Washington.
www.rfi.fr
