NATO member demands privileges in US sanctions on Gazprombank

Thanh Hà |

Turkey - a NATO member - is seeking a US sanctions exemption to continue paying for Russian gas.

Turkey is negotiating with the US on a sanctions exemption, allowing the country to continue using Russia's Gazprombank for payments when importing gas.

Turkish Energy Minister Alparslan Bayraktar told reporters that if there were no exemptions, we would not be able to pay Russia. "If we can't pay, we can't buy goods," he added.

Bayraktar's comments heighten tensions between Washington and the rest of Europe that are still buying Russian gas over sanctions announced last week on Gazprombank.

Previously, Russia's Gazprombank has avoided Western sanctions related to the conflict in Ukraine because it plays an important role in supporting energy payments.

Energy Minister Alparslan Bayraktar stressed the importance of a exemption for Turkey, citing a previous exemption for sanctions related to Iran.

According to the regulatory agency's data, Russia is Turkey's largest gas supplier, providing about 42% of the country's gas imports last year.

Hungary - a European country that also imports a lot of Russian gas - has criticized the US sanctions on Gazprombank, saying the move endangers energy security.

Hungarian Foreign Minister Peter Szijjarto said after talks in Istanbul with regional energy ministers, including Bayraktar, that countries in the region would find ways to continue the flow of Russian gas.

Turkey and Russia want to set up a gas hub in Turkey, including the possibility of installing additional pipelines across the Black Sea.

In addition to gas, Turkey depends on Russia for crude oil, with about half of its crude oil imports coming from Russia. Turkey also has a nuclear power plant under construction by Russian nuclear power company Rosatom.

Thanh Hà
RELATED NEWS

EU talks about the news of Russian gas laundering sources to smuggle into Europe

|

The European Union (EU) affirmed that Azerbaijan does not re-export Russian gas to the bloc.

Gazprom determines Ukraine will cut off Russian gas

|

Gazprom is preparing for the scenario of Ukraine directly turning off the Russian gas valve, completely stopping the flow of Russian gas to Europe by 2025.

US sanctions Russian bank last linked to SWIFT

|

Russia's last major bank with access to the international payment system SWIFT has just been sanctioned by the US.

Ministry of Industry and Trade proposes to apply peak hour electricity prices to domestic electricity users

|

The Ministry of Industry and Trade proposes to supplement regulations on applying electricity prices during peak hours, off-peak hours and normal hours to residential customers when technical conditions permit.

Ho Chi Minh City free tickets for 134 bus routes from July 1st, people eagerly await

|

Ho Chi Minh City - From July 1st, people using 134 bus routes will be exempt from fares, this policy is highly expected to contribute to reducing pollution and promoting public transport.

Hanoi invests in a large-scale water reality stage for the 2026 Lotus Festival

|

Hanoi Lotus Festival 2026 brings a feast of lights and music with the highlight being a real-scene stage floating on the water and a 15m high sculpture.

Earthquake collapses part of airport in Venezuela

|

Two strong earthquakes of magnitude 7.2 and 7.5 occurred near the northern coast of Venezuela on 24/6 local time, causing heavy damage.

Gold price today 25. 6: Pressure compresses, not stopping the decline

|

Gold price today 25. 6: World gold prices continue to fall sharply, losing the important psychological threshold of 4,000 USD/ounce. The domestic market also decreased accordingly.

EU talks about the news of Russian gas laundering sources to smuggle into Europe

Thanh Hà |

The European Union (EU) affirmed that Azerbaijan does not re-export Russian gas to the bloc.

Gazprom determines Ukraine will cut off Russian gas

Thanh Hà |

Gazprom is preparing for the scenario of Ukraine directly turning off the Russian gas valve, completely stopping the flow of Russian gas to Europe by 2025.

US sanctions Russian bank last linked to SWIFT

Ngọc Vân |

Russia's last major bank with access to the international payment system SWIFT has just been sanctioned by the US.