Turkish banks start closing accounts of Russian companies
Individuals are also under attack
Russian companies and individuals have faced problems with Turkish banks – their accounts are being closed and the requirements for opening them are being tightened.
Russian companies have faced the closure of their accounts in some Turkish banks. This was reported on Wednesday, January 31, by the Vedomosti newspaper, citing businessmen who trade with Turkey, financial advisors, and representatives of business associations.
In addition, some banks have begun to impose stricter requirements on individuals wishing to open an account with them.
At the end of 2023, US President Joe Biden signed a decree that allowed the country's Treasury Department to simplified punish banks that violate sanctions against Russia over its invasion of Ukraine.
According to the source, due to the threat of being blacklisted by the US authorities, many Turkish banks began to close the accounts of a significant number of companies and Russian banks with which they had relations.
In addition, according to the owner of a major trading brokerage, Turkish banks began closing accounts for Russian companies back in 2022, but now this process has intensified and now affects not only companies that are on the sanctions lists.
Individuals are also under attack – Turkish banks have also tightened the requirements for individuals who want to open an account with them. New customers are required to maintain a high balance on their bank deposits.
Background. As reported, Putin's former "governor" of Sevastopol was arrested in the UK for violating sanctions. On February 20, he is to appear before the Royal Court.
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