off-the-wire

Turkey's exports to Russia surge 262% in March from year ago

Kitco Media
By Reuters
Published:
Updated:
Reuters
ISTANBUL, April 4 (Reuters) - Turkey's exports to Russia jumped 262% year-on-year in March, according to Turkish exporters' assembly figures on Tuesday, reflecting the surge in bilateral trade since Moscow's invasion of Ukraine last year sparked a flurry of Western sanctions.


Turkey, Black Sea neighbours with Russia and Ukraine, opposes both the war and the Western sanctions.


Last month, it halted the transit of Western-sanctioned goods to Russia following a year of mounting U.S. and European pressure on Ankara for action, according to a top export official and a diplomat.


(Reporting by Ceyda Caglayan; Writing by Daren Butler; Editing by Jonathan Spicer)

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