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Will Turkey receive Gazprombank sanctions exemptions in 2025?
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United States•Turkey•Russia•Gazprombank•Ankara•Turkish•Alparslan Bayraktar•Ukraine•Russian•Akkuyu Nuclear Power Plant•Hungary
Resolution / Starting Odds
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Official announcements from the U.S. Department of State or Turkish government
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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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increase domestic production • 25%
Diversify suppliers • 25%
Negotiate new terms with Russia • 25%
No significant change • 25%
US grants waiver • 25%
US denies waiver • 25%
Turkey finds alternative channel • 25%
Negotiations ongoing • 25%
No significant impact • 25%
Minor disruptions • 25%
Major disruptions • 25%
Complete halt in imports • 25%
Yes • 50%
No • 50%
Significant decrease • 25%
Moderate decrease • 25%
No change • 25%
Increase • 25%