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Turkey starts paying for some Russian gas in roubles
Turkey has started paying for part of Russian gas supplies in roubles. From now on, the share of payments in energy trade with the Russian Federation will increase
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This was reported by Reuters with reference to Turkish Energy Minister Fatih Donmez.
Suffering from sanctions due to the war in Ukraine - the Russian Federation often asks energy buyers to pay in roubles in order to strengthen its currency. Most international energy agreements are concluded in dollars or euros.
Turkey is also trying to stimulate trade by using the lira, which has suffered from unorthodox monetary policy.
Responding to Russian President Putin's proposal to create a gas hub in Turkey, Energy Minister Donmez said Ankara will develop a road map by the end of this year and may hold a conference for suppliers and buyers.
"We could organise an international gas conference, perhaps in January or February, to bring together gas suppliers and importer countries to take their opinion, we will proceed according to that," Donmez added.
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