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Friday, September 20, 2024

Will American companies operating in Russia go to Turkey?

There are 5,000 American companies operating in Russia that are looking to leave the country. On the other hand, their representatives have been invited to Turkey by the US Embassy to check on the situation in Turkey.

According to Pak Sahafat News Agency International Group, The Republic of Turkey in a note entitled “Will economic migration take shape?” Referring to US-Turkish relations in various fields, he wrote that despite the ups and downs in the political relations between the two countries, the economic situation has improved so that Turkey is the second largest US export destination after Germany and the volume of trade between the two countries in 2021 has reached $ 28 billion. That figure was $ 20 billion in 2020.

Turkey’s exports to the United States also increased by 30 percent to $ 16 billion last year and imported $ 12 billion.

The report cites US sanctions on Russia over its war with Ukraine, saying Turkey could seize the opportunity.

Time magazine reports harassment of Russian citizens around the world after the Ukraine war

In this regard, Mehmet Ali Yalcin Dag, Chairman of the Turkey-US Foreign Economic Relations Council, said that a new trend in trade relations between the two countries has begun: About 10 members of Congress will arrive in Turkey in April. The pace of trade relations between the two countries is increasing and will continue.

Last week, members of the Turkey-US Council on Foreign Economic Relations met with Jeff Flick, the new US Ambassador to Turkey. US Chamber of Commerce Vice President Myron Brilliant is also scheduled to visit Turkey in March and this will be a great opportunity for Turkey.

The report states: There are 5,000 American companies operating in Russia. They are looking for another place to leave the country, whose representatives have been invited by the US embassy to Turkey to check on the situation in Turkey. They have been advised that Turkey is a safe haven for their actions. Measures will be taken seriously in this area.

Russia has been subjected to a number of US sanctions since its invasion of Ukraine, which they say are unprecedented. In this regard, various American and European companies are leaving Russia, and Turkey is trying to attract them.

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