France raises Russian sanctions-busting with Turkey

France’s top diplomat on Monday raised the danger of Russia using Turkey to avoid Ukraine-related sanctions during a sensitive visit to Ankara that tried to navigate a range of prickly disputes, reports AFP.  Turkey has been warned by US about sanction breaking, too.  Ankara insiders report some banks re already cooperating with Russian counterparts to facilitate trade and financial transactions, though it is not clear whether this cooperation is aimed at helping the latter to bypass sanctions.  In related news, Bloomberg reported that  Russia agreed to sell 20% of its natural gas to Turkey in rubles, but it is not clear how Turkish state-monopoly BOTAS will acquire these.


Catherine Colonna met her Turkish counterpart Mevlut Cavusoglu before flying to Athens on Tuesday to address a new spike in tensions between the two NATO neighbors and historic foes.


Colonna made efforts at a joint media appearance with Cavusoglu to avoid a repeat of the public spat that developed during a visit by German Foreign Minister Annalena Baerbock to Ankara in July.


The German minister had pressed Cavusoglu on Turkey’s human rights record and openly sided with Greece in the regional dispute.


Colonna said she “questioned” Cavusoglu about the increasingly heated war of words between the two neighbors and urged him to avoid “any escalation, verbal or otherwise”.


Turkish President Recep Tayyip Erdogan accused Athens over the weekend of “occupying” islands in the Aegean that are Greek but must remain free of troops under treaties signed after World War I.


“We have special ties with Greece,” Colonna said. “But above all, we want the two neighbours and (NATO) allies to settle any difference they may have through dialogue.”


Greece and Turkey have longstanding border disputes that have grown more urgent with the discovery of large natural gas deposits in the east Mediterranean.


French officials said ahead of the visit that Colonna was particularly focused on raising Russian sanctions-busting in Ankara.



The US Treasury sent an unusually blunt letter to Turkish businesses last month warning that they would be cut off from access to dollars should they trade with sanctioned Russian entities.


Erdogan and Russian President Vladimir Putin agreed to step up economic cooperation at a summit in Sochi on August 5.


Official data show the value of Turkish exports to Russia between May and July growing by nearly 50 percent from last year’s figure.


Erdogan has previously argued Ankara cannot join Western sanctions on Moscow because of Turkey’s heavy dependence on Russian oil and natural gas imports.



WATCH: Turkey is facing sanctions again


Colonna said she would discuss the importance of foreign powers abiding by the sanctions during a private dinner with Cavusoglu later on Monday.


“We have the same goal,” Colonna said.


“The sanctions policy we are pursuing has one objective, which is to limit the Russian war effort. The sanctions system deprives Russia’s war effort. We will talk about that.”


Cavusoglu did not react to the minister’s comments about sanctions but said: “It is obvious that do not agree on everything with France, but it is not an obstacle to dialogue.”


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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and and has contributed to the financial daily Referans and the liberal daily Radikal.