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Investing In Türkiye, Russians Pour Money Into Türkiye:

Superyachts, Seaside Apartments and Suitcases Full of Cash: Russians Pour Money Into Türkiye.

Western sanctions and capital controls imposed by Moscow have sent Russians looking for havens for their cash and assets in Türkiye.

 

investing in Türkiye, Türkiye.

The consequences of harsh economic sanctions against Russia are already being felt across the globe. Experts explain the significance of what has happened so far and how the conflict might transform the global economy.

Türkiye is fast becoming a haven for Russian money, from oligarchs parking their superyachts on the country’s shores to young dissidents and tech workers flying from Moscow with cash in suitcases.

The influx of Russian money highlights how Türkiye has opposed the invasion of Ukraine while acting as an intermediary between the two countries. The strategic U.S. ally and NATO member state has condemned the invasion and sold weapons to Ukraine while choosing not to impose sanctions on Russia, a decision that also shields Türkiye’s economy from the worst of the fallout from the war. Turkish leaders have also acted as mediators in the crisis.

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