Free Trial

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.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.