Market
How will Turkey pay for Russian gas in 2025?
3
United States•Turkey•Russia•Gazprombank•Ankara•Turkish•Alparslan Bayraktar•Ukraine•Russian•Akkuyu Nuclear Power Plant•Hungary
Resolution / Starting Odds
Through Gazprombank • 25%
Through Akkuyu Nuclear Power Plant • 25%
Loans from Russian banks • 25%
Other • 25%
Reports from Turkish Energy Ministry or Gazprombank
Story
US Grants Turkey and Hungary Exemptions from Gazprombank Sanctions for Russian Gas Payments
Dec 20, 2024, 07:19 AM
The United States has granted Turkey an exemption from sanctions imposed on Russia's Gazprombank, allowing Ankara to continue making payments for natural gas imports from Russia. Turkish Energy Minister Alparslan Bayraktar confirmed the waiver after a series of discussions with U.S. officials. The U.S. had sanctioned Gazprombank in November due to its involvement in facilitating payments related to Russia's military actions in Ukraine. Turkey, which imports more than 40% of its natural gas from Russia, had been exploring alternative payment methods, including loans from Russian banks and payments through the Akkuyu Nuclear Power Plant. Hungary also received a similar exemption, enabling it to pay for Russian gas through Gazprombank.
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Similar markets
Continues as is • 25%
Other • 25%
Stops payments • 25%
Switches to alternative payment method • 25%
Yes • 50%
No • 50%
Decrease imports • 25%
Increase imports • 25%
Diversify to other sources • 25%
Maintain current levels • 25%
Debt remains stable • 25%
Debt significantly increased • 25%
Other • 25%
Debt significantly reduced • 25%
Increase domestic production • 25%
No significant change • 25%
Diversify suppliers • 25%
Negotiate new terms with Russia • 25%
40% to 50% • 25%
Less than 30% • 25%
More than 50% • 25%
30% to 40% • 25%
Cryptocurrency • 25%
Other • 25%
Direct bank transfers • 25%
Offsetting counterclaims • 25%
No • 50%
Yes • 50%
US Dollar • 25%
Other currencies • 25%
Cryptocurrency • 25%
Euro • 25%