Turkey's exports to Russia surge 262% in March from year ago

ISTANBUL, April 4 (Reuters) - Turkey's exports to Russia jumped 262% year-on-year in March, according to Turkish exporters' assembly figures on Tuesday, reflecting the surge in bilateral trade since Moscow's invasion of Ukraine last year sparked a flurry of Western sanctions.

Turkey, Black Sea neighbours with Russia and Ukraine, opposes both the war and the Western sanctions.

Last month, it halted the transit of Western-sanctioned goods to Russia following a year of mounting U.S. and European pressure on Ankara for action, according to a top export official and a diplomat.

(Reporting by Ceyda Caglayan; Writing by Daren Butler; Editing by Jonathan Spicer)

((daren.butler@tr.com; +90-212-350 7053; Reuters Messaging: daren.butler.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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