In a short time, about 1,000 companies with 100% Russian capital were opened in the country.
A very large number of Russian companies have moved to Turkey, which did not impose sanctions on Russia. Sabahattin Yavuz, chairman of the Russian-Turkish Businessmen's Association, says Russian businessmen's interest in Turkey has risen sharply.
“There are two reasons for this: first, Turkey has become a bridge for both Russian businessmen and Turkey's airspace is open to Russia, and secondly, Turkey does not apply sanctions other than UN sanctions, especially in the Russian business world, and most large companies doing business with the EU and Western countries have relocated some of their offices to Turkey. “Some of the managers have also moved to Turkey,” Yavuz told the BBC.
He said Russian companies that could not buy goods from Western companies were turning to Turkish companies. Russians are interested in various business areas: ready-made clothing, textiles, light industry, food, chemicals and especially automotive parts in Turkey.
Timothy Ash, Bluebay Asset Management economist working with Turkey, Russia and Ukraine says Turkey is one of the few countries where Russian capital can flow, so he predicts that Russians will be happy to use the services of Turkish banks. capital. This was confirmed by the head of the Turkish-Russian Business Council Izzet Ekmekcibashi.
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The European Union has announced the fifth package EU sanctions against Russia. This was announced by European Commission President Ursula von Leyen.
