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VisitTurkey Exempted from U.S. Sanctions on Gazprombank, Energy Minister Alparslan Bayraktar Confirms Continued Gas Payments
Dec 20, 2024, 06:54 AM
Turkey has received an exemption from U.S. sanctions on Gazprombank, according to Turkish Energy Minister Alparslan Bayraktar. This exemption allows Turkey to continue making payments for gas imports through Gazprombank. Bayraktar stated that the decision followed a series of discussions with U.S. officials, enabling Turkey to manage its natural gas debts without facing penalties related to the sanctions imposed on Russia's Gazprombank.
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Markets
Yes • 50%
No • 50%
Official announcements from the U.S. Department of State or Treasury
No • 50%
Yes • 50%
Public financial disclosures from Turkey and Gazprombank, official statements from Turkish Energy Ministry
Yes • 50%
No • 50%
Official announcements from Turkish government or international news agencies
Debt significantly reduced • 25%
Other • 25%
Debt significantly increased • 25%
Debt remains stable • 25%
Reports from Turkish Ministry of Energy, financial statements
Other • 25%
Continues as is • 25%
Switches to alternative payment method • 25%
Stops payments • 25%
Official announcements from Turkish Energy Ministry or Gazprombank
Primarily alternative sources • 25%
Other • 25%
Primarily Russia • 25%
Diversified sources • 25%
International energy market reports, Turkish government energy reports