ISTANBUL—Western sanctions have given the Turkish metals sector a chance to serve as “warehouse and bridge,” the head of an industry group said, citing increased interest from Russian companies and also from EU companies seeking to sell to Russia via Turkey.
The West, including Britain and European Union countries, have imposed sanctions on Russian elites, banks and strategic industries since Russia on Feb. 24 began what it terms a “special military operation” in Ukraine.
Cetin Tecdelioglu, head of the Istanbul Ferrous and Non-Ferrous Metals Exporters’ Association (IDDMIB), said Russian demand had increased for Turkish products it could no longer source from European companies and Turkish companies had received enquiries from European businesses about supplying Russia via Turkey….