February 5, 2025
Russia tried to create a "dollar reserve" in Turkey to bypass the sanctions thumbnail
Economy

Russia tried to create a “dollar reserve” in Turkey to bypass the sanctions

In 2022, Russia tried to use the project of construction of NPP “Akkui” in Turkey to create an “offshore dollar reserve”, which was to help Moscow to bypass sanctions.”, – WRITE: epravda.com.ua

In 2022, Russia tried to use the project of construction of NPP “Akkui” in Turkey to create an “offshore dollar reserve”, which was to help Moscow to bypass sanctions. The Wall Street Journal (WSJ) was told about it. According to them, high -ranking Russian officials, including the head of the Bank of Russia, Elvira Nabiullin, and Turkish officials from the environment of President Regap Erdogan, including one of his closest advisers, the head of Turkey’s national intelligence, participated in the construction of the scheme. According to the plan, Gazprombank, which was not at that time under US sanctions, had to provide a loan of about $ 9 billion for the construction of “Akkui”, which is engaged in “Rosatom”. Advertising: money was intended to be forwarded through two US banks – JPMorgan and Citigroup – At the expense of NPP at the largest State Bank of Turkey “Ziraat”, and then redirect them to the accounts of Russian companies with the same credit institution. In this case, according to WSJ, Moscow could have avoided the need to carry out further transactions through the US. The bank had a bank of Russia secretly. Turkey’s interest in the scheme was explained by the fact that the country could attract the dollars he needed to fight inflation. According to WSJ, Russia was able to transfer more than $ 5 billion to Turkey in the summer of 2022. However, this attracted the attention of the US Ministry of Justice, which blocked the next tranche through JPMorgan for $ 2 billion. These funds were frozen, and in 2024 prosecutors began to seek the opportunity to confiscate money through a civil claim, but Presidential Administration Joe Biden stopped the process because Relations with Turkey. Advertising: Recall that for the first time in many years Russia is close to losing the leading position in the global grain market. In 2025, the removal of grain from the country abroad will be reduced by one third.

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