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Russia and Turkey agree on mutual payments in national currencies

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The Governments of Turkey and Russia signed an agreement to make mutual payments in national currencies, according to information published this October 8 by the Russian Ministry of Finance.

The text states that the agreement, signed on October 4 between the two nations, provides for “gradually increasing and changing the use of national currencies (ruble and lira) for agreements between the two countries, creating adequate financial market infrastructure and increasing attractiveness. of national currencies for commercial entities.”

They also seek to “expand and strengthen interbank cooperation, as well as guarantee uninterrupted agreements between the commercial entities of the Russian Federation and Turkey.”

The nations also seek to facilitate the use of the Russian Mir card in Turkey and increase the connection of Turkish banks and companies to the SPFS of the Bank of Russia, analogs of the international SWIFT system.

The announcement of the agreement comes amid the threats of further coercive measures by the Donald Trump Administration.

Only this Monday, the US president issued a warning to the nation ruled by Recep Tayyip Erdogan:

In the face of US sanctions, other nations also seek to free themselves from dollar transactions, including Iran.

The Islamic Republic announced at the end of September that financial transactions between Russia and Turkey will be made through the official currencies of the two nations.

Edhem Mehmet

A journalist for Vatan Newspaper (founded in 2002 and acquired in 2011) and later Özgür Gündem, Edhem is an accomplished journalist with a deep understanding of Turkey and international politics. Beyond journalism, he is also a web developer, programmer, artist and aspiring novelist. He is the founder of this publication and is responsible for all editorial decisions.

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(+90) 242 2433760
Edhem Mehmet
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News in Turkey

Eastern Libyan Parliament breaks off relations with Turkey

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There is currently a duality of powers in Libya: the interim government, which controls the eastern part of the country along with the parliament, and the UN-backed National Accord Government in Tripoli (northwest).

The Parliament of Eastern Libya, as one of the powers controlling the eastern part of the African country, which has two divided governments, approved on Saturday the breaking of relations with Turkey, after Ankara voted on Thursday to send troops to that nation.

In addition, the embassies between the two countries were ordered to be closed and these decisions were taken unanimously by the Libyan MPs.

Meanwhile, the commander of the Libyan National Army, Marshal Khalifa Haftar, who commands one of the powers in the African country, and supported by the Libyan parliament, announced the general mobilization to resist the foreign troops before.

“Today we declare Jihad (holy war) and general mobilization. Weapons will be given to both men and women, to the military and civilians,” the military chief said in a video address.

Turkey’s parliament on Thursday approved a plan to send troops in support of the UN-recognised Fayez al-Sarraj National Accord Government (NAG). Al Sarraj called for Turkish military cooperation to deal with the Libyan National Army offensive led by Haftar.

The approved plan gives a period of one year for the deployment of troops. The text does not define when it will be, nor how many troops will be deployed.

Haftar called the HLG a traitor for asking for Turkey’s help. “They signed an agreement of humiliation and disgrace with Turkey without any popular, constitutional or moral support,” he added.

Since the overthrow of Libyan leader Muammar Gaddafi, Libya has been in the throes of a crisis generated by clashes between rival factions, the emergence of jihadist groups and mafias engaged in trafficking irregular migrants from Africa to Europe.

Edhem Mehmet

A journalist for Vatan Newspaper (founded in 2002 and acquired in 2011) and later Özgür Gündem, Edhem is an accomplished journalist with a deep understanding of Turkey and international politics. Beyond journalism, he is also a web developer, programmer, artist and aspiring novelist. He is the founder of this publication and is responsible for all editorial decisions.

[email protected]
(+90) 242 2433760
Edhem Mehmet
Continue Reading

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Turkey and Algeria strengthen relations during Erdogan’s official visit

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Erdogan has said the situation in neighbouring Libya was the focus of the meeting with the Algerian president, where the Turkish head of state made it clear that his country faces the challenge of establishing peace and stability on Libyan territory.

Turkish President Recep Tayyip Erdogan met on Sunday with his Algerian counterpart Abdelmadjid Tebboune as part of his official visit to the African country.

“It was a fruitful meeting with Tebboune. We discussed the common steps that could be taken in areas such as economy, trade, investment, the defense industry and tourism, among others, and the cooperation between the two countries,” said the Turkish leader.

Erdogan pointed out that the situation in neighbouring Libya was the central theme of the meeting with the Algerian president, where the Turkish head of state made it clear that his country faces the challenge of establishing peace and stability on Libyan territory.

“It is impossible for us to turn a blind eye to the spilled blood of our brothers in Libya and the overthrow of the legitimate government. We fully support the Libyan-sponsored political process under the leadership of the UN and the achievement of a ceasefire,” Erdogan said.

After the bilateral signature for the creation of a High Level Strategic Cooperation Council, the Turkish president said that Ankara will stand by Tripoli to prevent Libya “from becoming a playground for terrorist groups and warlords.

Erdogan’s visit to Algeria will allow the strengthening of bilateral relations from an economic and investment point of view, while several Turkish companies work in Algerian territory, mainly in trade, construction and services.

Edhem Mehmet

A journalist for Vatan Newspaper (founded in 2002 and acquired in 2011) and later Özgür Gündem, Edhem is an accomplished journalist with a deep understanding of Turkey and international politics. Beyond journalism, he is also a web developer, programmer, artist and aspiring novelist. He is the founder of this publication and is responsible for all editorial decisions.

[email protected]
(+90) 242 2433760
Edhem Mehmet
Continue Reading

News in Turkey

Russia and Turkey advocate cessation of harassment in Libya

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The president of Russia, Vladimir Putin, and Turkey, Recep Tayyip Erdogan, called on the parties in Libya to declare a ceasefire since Sunday, January 12.

“I would like to emphasize a call – which Presidents Putin and Erdogan have addressed to all Libyan parties – to cease hostilities and declare a ceasefire starting Sunday, January 22,” Russian Foreign Minister Sergey Lavrov said after the meeting held by the leaders in Istanbul.

For his part, Turkish Foreign Minister Mavlut Cavusoglu ratified this position in favor of the cessation of hostilities in Libya, where the Government of National Agreement (GNA), based in Tripoli, and the House of Representatives (HoR), with headquarters in Tobruk, with support from the Libyan National Army (LNA) of General Khalifa Haftar.

The fighting in Libya continues after the military aggression of the North Atlantic Treaty Organization (NATO) in 2011 and the assassination of leader Muammar Ghadafi.

Turkey recently intervened in favor of the GNA and sent ground troops to the nation of North Africa, while Russia has maintained communications with Haftar and rejects foreign intervention in the conflict.

Meanwhile, the GAN attacked on Wednesday positions occupied by its opposition in Sirte and caused 10 deaths.

Edhem Mehmet

A journalist for Vatan Newspaper (founded in 2002 and acquired in 2011) and later Özgür Gündem, Edhem is an accomplished journalist with a deep understanding of Turkey and international politics. Beyond journalism, he is also a web developer, programmer, artist and aspiring novelist. He is the founder of this publication and is responsible for all editorial decisions.

[email protected]
(+90) 242 2433760
Edhem Mehmet
Continue Reading

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