Turkiye's finance minister has defended Ankara’s economic ties with Russia as “good neighborly relations” even as western governments raise concerns that the country is serving as a backdoor for Moscow to evade sanctions, APA reports citing the Financial Times.
Nureddin Nebati said “opposition elements” inside and outside Turkey were “deliberately raising question marks” about the country’s financial links with Russia while conceding there had been a rush of cash into its financial system.
US and EU officials fret that Turkey, a Nato member that shares a Black Sea border with Russia and Ukraine, is relieving financial pressures on Moscow by not participating in western sanctions. Nebati insisted the economic ties between the two countries were “legal.” “
Turkey is a country that acts very carefully within the international financial system. It’s not a country that behaves in ways that will cause breaches of the international financial system. We’re very clear on this,” Nebati said in a rare interview. “Everything is coming to us through legal routes,” he added.
Turkey’s economy, which relies on inflows of foreign capital, is under heavy strain from high commodity prices, a soaring US dollar, and unorthodox monetary and fiscal policies that have sent traditional investors fleeing one of the world’s biggest emerging markets.
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