The EU has limited access for US, UK, and Turkey companies to a €150B rearmament fund aimed at supporting the European defense industry. Companies based in the US, UK, and Turkey will not be allowed to participate in the €150B EU defense fund proposed by the European Commission unless their respective countries sign defense and securit... #DefenseIndustryEU #EuropeanDefenseFund #GreatBritain #Turkey #WeaponsProduction
Turkey is prepared to take any steps necessary to establish peace in Ukraine and supports Zelenskyy’s initiative for a temporary ceasefire. Turkish President Recep Tayyip Erdogan stated this in an address to representatives from EU countries. “We are ready to make any contribution, including facilitating a negotiation process, to es... #EuropeanPeaceFund #PeaceTalks #RecepTayyipErdoğan #Turkey #UkraineReconstruction #WarEnding #WeaponsPurchases
Metal product imports are crowding out domestic production owing to the consequences of the war. Imports of metal products to Ukraine increased by 6.4% last year, to 1.26 million tons. More than 50% of products supplied to the Ukrainian market are produced by Turkey. This stems from the fact that... #China #MetalImportUkraine #MetallurgyUkraine #Poland #Turkey #UkraineImport
A Turkish business continues its investment in Ukraine: A new wind farm will be built in the Zhytomyr region. Turkey is one of the countries contributing significantly to Ukraine’s energy security, accounting for 8% of renewable energy production in Ukraine, and current Turkish investments in the energy... #AtlasGlobalEnergy #BurakPehlivan #RenewableEnergyUkraine #RESinvestments #Turkey #WindEnergy #Zhytomyr
Most EU countries are against sending peacekeepers to Ukraine without US involvement. The EU is evaluating military engagement and civilian missions in Ukraine that may be undertaken to prevent future Russian attack following the conclusion of a peace agreement. The bloc is exploring t... #Canada #PeacekeepingMission #SecurityGuaranteesForUkraine #Turkey #WarEnding #WarinUkraine
A Turkish construction giant disclosed its investments in Ukraine during the war. Since the onset of the war, ONUR GROUP has invested in several plants that are part of the ONUR group in Ukraine. Specifically: ACTU manufactures dry building mixtures and is located in western Ukrain... #BuildingMaterials #investments #InvestmentsinUkraine #OnurGroup #Turkey #WoodIndustry
The US aims to use the Istanbul Communiqué as a foundation for a peace agreement between Ukraine and Russia; Lavrov visits Turkey. The US President’s envoy for the Middle East, Steve Witkoff, stated that Washington is considering utilizing the Istanbul Communiqué as a basis for concluding a peace agreement between Ukraine ... #IstanbulCommuniqué #PeaceTalks #RecepTayyipErdoğan #SergeiLavrov #SteveWitkoff #Turkey #Zelenskyy
Ukraine declines to incorporate Turkish Karpowership power plants into its energy system because of their high generation cost. A new type of electricity generation for Ukraine – power plants offered for rent by Turkish Karpowership – will remain as a concept. Even though Ukraine spent about UAH 300M to prepare the infrastruct... #ElectricityGeneration #energyukraine #Karpowership #Odesa #Turkey
Ukrainians are actively buying real estate in Turkey; only Russians and Iranians have bought more. Last year, Ukrainians purchased over 1,600 real estate properties in Turkey and became the third largest foreign buyer after the Russian Federation and Iran, according to data from the Turkish Statist... #RealEstateInvestments #RealEstateTurkey #Turkey
Money above all: Russian sanctions are being weakened through exceptions. The US has made an exception to the sanctions imposed on Gazprombank to allow payment for Russian gas by Hungary and Turkey. The Hungarian Foreign Ministry believes the latest sanctions against Russia... #Gazprombank #Hungary #LPG #SanctionsAgainstRussia #Turkey
To avoid a shortage of scrap metal in the domestic market, Ukraine increased its export duty. How has Ukraine traded scrap metal in the last six years? According to analysts, in 2019 Ukraine exported 42,180 tons of scrap for $11.8M. In 2020, exports decreased by 15.1%, in monetary terms, to $9.5M. But in pre-war 2021, ferrous scrap exports increased ... #Germany #Poland #ScrapExport #Turkey #UkraineEconomy #UkraineExport #UkraineScrapMetal
Russia’s oil export revenue is growing, allowing it to finance its war in Ukraine. According to KSE analysis, in October 2024, Russia’s oil export revenue increased by $1.2B, to $15.6B. 85% of deliveries were made by shadow tankers, which allowed Russia to evade the price limi... #India #RussianOil #RussiaProfits #SanctionsAgainstRussia #ShadowFleetRussia #Turkey
How was the Ukrainian metal trade in 2024? In January-November, Ukrainian mining enterprises increased their iron ore raw materials exports by 87.4% compared to the same period last year – to 30.25 million tons. Revenue increased by 55.8% to $... #MetallurgyUkraine #SteelProductionUkraine #Turkey #UkraineSteelExport #UkrainianMetalExport
The EC assesses the progress of 10 states on the path to EU membership. The opening of negotiation clusters with Ukraine is expected in 2025. On October 30, the European Commission adopted the annual package of measures on EU enlargement, which contains a detailed assessm... #EUexpansion #EuropeanIntegration #Moldova #Turkey #UkraineEU
Turkey expects an increase in bilateral trade volume with Ukraine after the entry into force of the Free Trade Agreement. One expert believes that with the Free Trade Agreement between Turkey and Ukraine going into effect, bilateral trade volume will increase from $6.1B in 2023 to $10B quickly, and logistical movements w... #ASSET_GLI #FreeTrade #investments #Turkey #UkraineTrade
A Ukrainian company is seeking an investor for a project to relocate a TPP from Turkey to Ukraine. Ukrainian company Energo-Plus Scientific and Production Enterprise, which previously announced its intention to transport a new 60 MW TPP from Turkey and install it in Ukraine, is looking for a privat... #EnergoPlus #energyukraine #investments #MiniPowerPlant #Turkey
The West finances the Russian military by increasing its purchases of fuel derived from Russian oil. In the first half of the year, the EU, the US, Britain, and other countries that support Ukraine bought fuel produced from Russian crude worth about $2B from Turkish refineries. Meanwhile, Turkey bene... #circumventionOfSanctions #FuelImport #OilRefinery #RussianOil #Turkey
The free trade agreement between Ukraine and Turkey will contribute to attracting investment and reconstruction. The Ukrainian Ambassador to Turkey, Vasyl Bodnar, said that because of the free trade agreement with Turkey, Ukrainian manufacturers will have access to the Turkish market, which tends to be more clos... #FreeTradeAgreement #InvestmentsinUkraine #Turkey #UkraineEconomy #UkraineReconstruction #UkraineTrade #VasylBodnar
Sanctions are slowly destroying Russian businesses with payment issues. New US restrictions imposed in June have put local banks in countries that trade with Russia at a higher risk of so-called secondary penalties, which is delaying or disrupting payments to and from cou... #China #RussianBusiness #SanctionsAgainstRussia #SecondarySanctions #Turkey
Ratification of the free trade agreement will quickly increase trade between Ukraine and Turkey by $2.5B per year. Ambassador of Ukraine to Turkey, Vasyl Bodnar, noted: “Turkey traditionally plays an important role in Ukraine’s foreign trade. In 2023, the total trade volume was approximately $7.5B. Aft... #ForeignInvestor #FreeTradeAgreement #Turkey #TurkishBusiness #UkraineTrade #VasylBodnar
Orban met with the leader of Turkey, which is balancing between good relations with Russia and supplying weapons to Ukraine. Hungarian Prime Minister Viktor Orbán announced that he is continuing his “peacekeeping mission” and met with the President of Turkey in Washington. He called Istanbul an “indispensa... #NATOsummit #PeaceInUkraine #RecepTayyipErdoğan #Turkey #UkraineNATO #VictorOrban
Ukraine plans to lease floating Turkish power plants to provide Odesa with 750 MW of generation capacity. Ukraine is negotiating with Turkey to place power plant ships in the key ports of Odesa and the Danube region to partially cover electricity shortages, said the head of the Odesa regional administrati... #FloatingPowerPlant #KaradenizHolding #Karpowership #Odesa #OlehKiper #Turkey
While Russia recovers from the loss of the EU gas market, Turkey is expanding its gas pipeline’s capacity to Europe. Russian Gazprom will not be able to restore its volume of gas exports lost due to the war in Ukraine for at least 10 years, writes FT. It is predicted that Gazprom’s gas exports to Europe will a... #GasImport #Gazprom #PowerOfSiberia2 #RussianGas #TransAnatolianGasPipeline #Turkey
Turkey helped Russia earn €3.1B from the export of petroleum products to the EU. Last year, Turkey became the world’s largest buyer of Russian oil products, reported CSD and CREA analysts. In their view, Turkey has become a strategic transshipment point for Russian oil produ... #circumventionOfSanctions #OilEmbargo #PetroleumProducts #RussianOil #RussiaProfits #SanctionsAgainstRussia #Turkey
