The economy of Turkey is going through difficult times today. The situation helped to improve $ 24 billion invested in the country with an unknown foreign source. Probably we are talking about Russian money.
This is reported by The Financial Times.
The Central Bank of Turkey has reported a record for financial receipt from the outside over the past 40 years. Money in the country has entered actively over the past 7 months that the Russian Federation has been going on against Ukraine. It is about $ 24.4 billion. The source of funds is kept secret. However, according to experts, this may be the Russian Federation.
The fact is that Russian money in the West is no longer happy because of the Kremlin’s aggressive policy. Ankara took advantage of the deplorable position of Moscow and began to actively establish close trade relations with her.
In fact, Turkey has become one of their main beneficiaries of sanctions imposed on the Russian Federation. Turkish President Recep Tayyip Erdogan is in no hurry to indicate the source of additional funds, noting only that these are some “friendly countries”. He also clarified that the money received allow Turkey to “feel more comfortable.”
It is important to note that Turkey has serious economic problems today. The country’s budget deficit in 2022 already exceeded $ 36.7 billion, inflation approached 80%, and the outflow of capital from the country intensified. And the money from a secret source in this situation came in handy for the country.