12:34 GMT03 March 2021
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    Russia and Turkey are working out a new arrangement for payments in energy trade, Turkey’s Minister of Energy and Natural Resources Berat Albayrak has announced.

    ANKARA (Sputnik) – Last week, Turkish President Recep Tayyip Erdogan said that Ankara had proposed to Moscow to conduct trade in national currencies. At the same time, a source in the Russian government said that the issue of expanding the share of national currencies in Russia-Turkey trade was not on the agenda.

    On Wednesday, Turkey's Energy Market Regulatory Authority (EMRA) said that the country’s companies would use only Turkish liras in gas tenders.

    "Turkey begins a new era in energy policy and will make payments to countries where large amounts of energy are concentrated in the national currency," Albayrak said on Thursday, as quoted by the Sabah newspaper.

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    Tags:
    currency, trade, energy, Turkey, Russia
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