A very large number of Russian companies moved to Turkey, which did not impose sanctions on Russia. Sabahattin Yavuz, head of the board of the Association of Russian-Turkish businessmen, says that the interest of Russian businessmen in Turkey has increased dramatically.

" Secondly, Turkey does not apply sanctions other than UN sanctions.. Especially in the business world of the Russian Federation, most of the large companies doing business with the EU and Western countries have moved part of their offices to Turkey. Some of the managers also moved to Turkey,"

According to him, Russian companies that cannot buy goods from Western companies turn to Turkish. Russians show interest in various business areas: ready-made clothing, textiles, light industry, food, chemicals and especially car parts in Turkey.

Timothy Ash, an economist at Bluebay Asset Management who works with Turkey, Russia and Ukraine, says Turkey is one of the few countries where Russian capital can go, so he predicts Russians will be willing to use Turkish banks.

Recently, about 1000 companies with 100% Russian capital have been opened in the country. This was confirmed by the head of the Turkish-Russian Business Council, Izzet Ekmekcibashi..

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The European Union announced the fifth package of EU sanctions against Russia. This was announced by the head of the European Commission Ursula von Leyen.