“In case of any sanctions, Turkey has all kinds of capabilities to develop the tools to adapt to the new situation without violating any of the sanctions,” said Turkish Finance Minister Nureddin Nebati.
Turkish Finance Minister Nureddin Nebati ruled on whether Turkish buyers would comply with the application of the cap on the price of Russian oil from the G7 countries.
“We need to take the necessary measures to satisfy our needs and also do whatever is necessary to protect the interests of our country,” the official said in an interview with The Wall Street Journal, clarifying that the maximum price measure not yet implemented.
He also assured that Ankara can buy and transport Russian oil without the need for financing or insurance from the West. “In case of any sanctions, Turkey has all kinds of capabilities to develop the tools to adapt to the new situation without violating any of the sanctions,” he added.
Turkey maintains a position of non-alignment regarding the anti-Russian sanctions imposed by the West. This caused the US to increase the pressure due to the close ties it has with Russia. Washington claims that Ankara has not shown solidarity with the Western bloc in imposing restrictions on Moscow, and that it has even increased cooperation with the Kremlin, particularly in the energy field.
In this context, the Turkish president, Recep Tayyip Erdogan, announced on Wednesday that he had agreed with his Russian counterpart, Vladimir Putin, to create a natural gas center for Europe in Turkey.
Last week, Putin proposed to create in the Turkish territory the largest gas center (or ‘hub’) for Europe . “We could displace the volume lost bythe Nord Stream 1 and 2 gas pipelines to the Black Sea region,” he suggested, as well as “turning into the main gas supply routes to Europe” those that pass through of Turkey.The initiative was supported by various Turkish and Russian politicians and experts.