Turkey sharply reduced its exports of dual-use goods to Russia at the end of 2023. These are mainly products included in the US and EU sanctions lists.
Source. This was reported by Forbes, citing data from Turkish customs statistics.
In general, exports of semiconductors, electronic and optical equipment, printed circuit boards, and communications equipment decreased by 40% in November and October.
Although in September, Turkey supplied $13.9 million worth of such goods, in November this figure was only $8.4 million, which is the lowest since August 2022.
At the same time, total exports from this country to Russia continue to amount to about $1 billion per month.
The decline in exports of dual-use goods from Turkey coincided with the visit of U.S. officials, including Deputy Treasury Secretary and U.S. Financial Intelligence Officer Brian Nelson, to Ankara.
According to Bloomberg, Nelson gave the Turkish authorities a "final warning" demanding compliance with anti-Russian sanctions. If these requirements are not met, the Americans promised to impose secondary sanctions on Turkish companies, including a ban on access to the Western financial system.
Also, in late December, the US Treasury announced a tougher approach to organizations that violate restrictive measures. In particular, it was about banks that support Russia in the war by allowing them to conduct transactions involving dual-use goods.
As a result, in early January, all major Turkish banks stopped accepting payments from Russia, including in lira and rubles.
Background. According to the investigation, Russia has purchased more military equipment from the West than from China. The top 10 includes American companies Intel, Analog Devices, AMD, Texas Instruments, IBM and Dell.