U.S. Grants Turkey Exemption from Gazprombank Sanctions for Gas Payments, Minister Bayraktar Says, Handling 40% of Imports

Dec 20, 2024, 06:54 AM

The United States has granted Turkey an exemption from sanctions related to Gazprombank, enabling Ankara to continue making payments for gas imports. Turkish Energy Minister Alparslan Bayraktar announced this development following discussions with U.S. officials, stating that Turkey would be allowed to process its natural gas payments through Gazprombank, which is responsible for handling 40% of the country's gas imports. The exemption is seen as a crucial move for Turkey, which relies heavily on Russian gas supplies. Bayraktar confirmed the waiver in multiple statements, emphasizing its importance for Turkey's energy security.