Free Trial
OIL

Crude Pushing Higher on Weaker USD

BTP

10Y Spreads At 4-Month Low, Testing 200bp

US TSY OPTIONS

10Y Call Spd

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Botas Requests Delayed Payment Terms for Russian Gas

TURKEY
  • Bloomberg reported late yesterday that Turkish officials had asked Russia to delay a portion of their payments due for natural gas, according to sources, as Turkey seeks to mitigate economic damage from higher energy prices. The state-run energy importer is seeking to postpone some of the payments to 2024, according to the report.
  • Following this week’s inflation release, the CBRT state that energy, services, higher transportation costs and rent contributed to September inflation, adding that they see a further increase in PPI this month.
  • Cumhuriyet report on the ongoing negotiations among the opposition coalition, who are continuing to negotiate over what unity candidate to back against Erdogan at next year’s general elections. The leaders of the six parties are currently discussing proposals for each party to have a vice president.
  • Dunya report that natural gas tariff changes will prompt higher energy bills for industry, with prices rising by as much as 5% - which may feed directly into CPI over the coming period.
  • Effective exchange rate data is released by the central bank later today.
172 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Bloomberg reported late yesterday that Turkish officials had asked Russia to delay a portion of their payments due for natural gas, according to sources, as Turkey seeks to mitigate economic damage from higher energy prices. The state-run energy importer is seeking to postpone some of the payments to 2024, according to the report.
  • Following this week’s inflation release, the CBRT state that energy, services, higher transportation costs and rent contributed to September inflation, adding that they see a further increase in PPI this month.
  • Cumhuriyet report on the ongoing negotiations among the opposition coalition, who are continuing to negotiate over what unity candidate to back against Erdogan at next year’s general elections. The leaders of the six parties are currently discussing proposals for each party to have a vice president.
  • Dunya report that natural gas tariff changes will prompt higher energy bills for industry, with prices rising by as much as 5% - which may feed directly into CPI over the coming period.
  • Effective exchange rate data is released by the central bank later today.