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Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions

Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank headquarters are heavily scrutinizing Russian citizens opening bank accounts in the country. Settlements Between Russia…

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Turkey Seeks to Join BRICS to Strengthen Global Influence

Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity to strengthen ties with both Eastern and Western nations while remaining committed to NATO. Erdogan emphasized…

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Turkey Submits Application to Join Alliance

Turkey (Türkiye) formally applied to join the BRICS nations, aiming to increase its global influence and establish new connections beyond its traditional NATO Western allies, according to sources familiar with the situation. President Recep Tayyip Erdogan’s administration sees a shift in the geopolitical center of gravity away from the current developed economies. Turkey’s decision to…

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