-made items deemed critical to Russia’s war in Ukraine, according to FT sources.The new restrictions target goods such as microchips, processors, and control systems, believed to be used in weapons.According to the report, Turkish banks have also reduced dealings with Russian entities over the past year, following U.S. threats of sanctions.The updated policy regarding Russian exports was not publicly announced due to political sensitivities.While Turkey is a NATO member, Turkish President Recep Tayyip Erdogan has aimed to maintain positive relations with both Russia and Ukraine.Turkey has also facilitated the flow of Russian oil to the European Union since Russia’s full-scale invasion of Ukraine, enabling the Kremlin to circumvent the bloc’s sanctions.In 2023, Turkey became the world’s biggest buyer of Russian fossil fuels, importing around 42.2 billion euros ($45.9 billion) in oil, natural gas, and coal from the country – a fivefold increase over the past decade.At the same time, Erdogan has publicly supported Ukrainian sovereignty, and his administration has given significant aid to Ukraine since the start of Russia’s full-scale invasion.
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