The Mediterranean country's economy relies heavily on foreign visitors, with 2.2 million Russian tourists entering the country in the first seven months of 2022.

İstanbul

Russia has been hit by global sanctions following President Vladimir Putin's decision to invade Ukraine.

Russian Sanctions

Turkey struggling without Russian tourists

Tourism in Turkey is rebounding after a massive job, due to the covid-19 pandemic. Foreign visitors are a major source of income for Nico. Valdez fish restaurant on the shore of Istanbul Bosphorus Strait but it's facing some different challenges this year. We have a big problem with credit cards, Russian people, coming to the restaurant want to use that credit cards to pay but they don't what I'm not happy about to ignore my guess it's a difficult situation. For Russians has continued to come to Turkey while the EU is tightening rules around them. That's after Ukraine's government urged, EU energy 7 to ban them to transport ministry didn't respond to requests for comment from your news about whether turkey to do the same. Turkey has played a unique role in the war in Ukraine for providing Thrones Ukraine. While also maintaining a relationship with Russia, especially a financial one, This is a yacht the lead to the lawn to dametra come and check on turkey's popular southern coast. It's one of several yacht owned by Russian. Oligarchs reported to have docked in Turkey following Western sanctions on Russia. The US warned in August there was a risk of penalties for Turkish companies. If they were with sentient individuals on Craigslist, domestic concerns stating it would improve trade with its neighbors will not going against sanctions. Any business turkey can get is vital for some battles economy. That is now seeing an official inflation rate of more than 80%, that has some major strain on Turkish president Reggie type of popularity. Economist John. So Judy said, tourism revenue is especially important to season as 81 is set to face his most difficult election next year. Given the macroeconomics in Turkey right now and the dire need for any kind of exchange currency in Turkey. I would say that too in a Russian twist. Prevailed as he says Russians account for about half of his business. Yep. We have a very bad economy but Russian tourist coming here means we can earn money which is good.

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Russian Sanctions