Türkiye to pay for some Russian gas in roubles: Erdogan

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economic cooperation
Istanbul
President Recep Tayyip Erdogan has confirmed that Türkiye will start paying for some of its Russian natural gas imports in roubles.
The announcement was initially made by Moscow late Friday after more than four hours of talks between Erdogan and Russian President Vladimir Putin in Sochi.
The United States is leading international efforts to impose economic sanctions on Russia in response to its February invasion of Ukraine.
But NATO member Turkey has tried to remain neutral in the conflict because of its heavy dependence on Russian energy.
Russia accounted for about a quarter of Turkey’s oil imports and 45 per cent of its natural gas purchases last year.
“As Turkey, our door is open to everyone,” Erdogan was quoted Saturday as telling Turkish reporters on his flight home from Sochi.

“One good thing about this Sochi visit is that we agreed on the rouble with Mr Putin,” Erdogan said.

“Since we will conduct this trade in roubles, it will of course bring money to Turkey and Russia.”

Neither Erdogan nor Russian officials have said what portion of the gas will be covered by rouble payments.

Avoiding paying for the gas in dollars helps Turkey protect its dwindling hard currency reserves.