Saturday 4 February 2023

US Raises Pressure on #Turkey and #UAE to Curb Russia Trade Ties - Bloomberg

US Raises Pressure on Turkey and UAE to Curb Russia Trade Ties - Bloomberg

The US has told the United Arab Emirates and Turkey that their economic and financial ties to Russia are hampering efforts to curb Moscow’s invasion of Ukraine.

Brian Nelson, under secretary for terrorism and financial intelligence at the US Treasury, met with Turkish officials on Thursday and Friday to discuss US concerns about the rising exports that include US goods, according to people with knowledge of the matter. It was part of a regional tour that included the UAE earlier this week.

US officials told Turkey to clamp down on a flow of goods to Russia. They warned their counterparts that tens of millions of dollars’ worth of export-controlled goods were reaching Russia and could be used by the defense industry to extend the conflict, the people said.

Between March and October of last year, dozens of Turkish exporters sent about $800 million worth of goods to Russia, including $300 million in machinery and another $80 million in electronics, they said. They spoke on the condition of anonymity because the discussions were private.

Officials at Turkey’s trade and finance ministries were not immediately available for comment.

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