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Turkey defers $600 million Russian energy payment under deal - Stock Market Latest

Energy

Reuters exclusively reported that Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024 – the first such postponement – under a deal announced last week that underlines deepening ties between Ankara and Moscow.  

Market Impact

Turkey’s energy import bill hit a record near $100 billion in 2022 and in the year to February it imported 39% of its total 53.5 billion cubic metres (bcm) of natural gas from Russia. 

Article Tags

Topics of Interest: Energy

Type: Reuters Best

Sectors: Commodities & Energy

Regions: EuropeMiddle East

Countries: RussiaTurkey

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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