Traders said the introduction of quotas on imports of Russian oil to Turkey

Photo: Valery Matytsin / TASS

Traders said the imposition of restrictions on duty-free imports of Russian sunflower oil in Turkey. This information, the Kremlin has not yet confirmed, but market participants say about quotas in the range of 15-30%

Turkey has introduced restrictions on the import of sunflower oil from Russia, it is declared by the Executive Director of the oil and fat Union Mikhail Maltsev, reports TASS.

According to this, Turkey has established quotas on the import of sunflower oil from Russia at the level of 15-30%. “We at the moment have decided to wait for official information, but traders talk about quotas in this range,” — said the head of the Union, noting that “this talk in explanation of today’s history with the grain”.

As previously reported, under the restriction besides oil fell and other agricultural products: wheat and corn, about it writes “Kommersant” with reference to the words of the Director “Sovekon” Andrey Sizov. According to him, quoting Turkey’s imports of Russian agricultural products due to the fact that Russia has not lifted the ban on Turkish tomatoes.

Press Secretary of the head of the government Natalia Timakova has commented on the limitation of Turkey free of import of Russian products, reports “Interfax”. “On this issue are consultations between the Ministers,” she said.

Press Secretary of the President of Russia Dmitry Peskov confirmed the information about the restriction of the importation into Turkey of wheat, however, of quotas for exports to Turkey of Russian sunflower oil he knew nothing. “Really, the limitations are place. You know that there are still some restrictions from the Russian side, for obvious reasons, which were explained in detail to the President of Turkey during his recent contacts in Sochi,” Peskov said, noting that negotiations with the Turkish side now underway.

Putin and Erdogan agreed on the tomatoes

Earlier today, may 24, the newspaper “Vedomosti” referring to sources reported that Turkey has already introduced new restrictions on Russian grain exporters. According to the publication, Turkey has a system of protection of the domestic market for all countries. This means that the supply of grain to Turkey duty free, Russian traders must obtain a license. Meanwhile, Russia, under the new rules, should have 20-25% of all issued import licenses.

In the southern customs Department in mid-may stated that the average wheat exports in the month through the South of Russia to Turkey in 2016 amounted to 213 thousand tons in January—April 2017 — 163 thousand tons. According to these data, the monthly volumes of deliveries of grain in this direction decreased on the average by 23%.

As previously stated the Vice-President of the Russian grain Union Alexander Korbut Ankara’s decision may be a response to the fact that Russia still has not opened its market for tomatoes from Turkey. “Approaching the season of harvest, and this is purely a demonstrative action, in retaliation for tomatoes” — said Korbut.

In early may Russian President Vladimir Putin and Turkish head Erdogan met in Sochi to discuss the situation in Syria and the issue of mutual cancellation of trade restrictions. Then the two leaders came to a mutual understanding and agreed to the cancellation of all trade sanctions is not resolved the only remaining issue is with the supply to Russia of Turkish tomatoes.

At the same time, the ban on deliveries to Russia of Turkish tomatoes is to remain in power, Putin said, explaining the importance of maintaining the interests of farmers.

“Our farmers have taken significant amounts of loans and credit. It is quite a long production cycle associated in our climatic conditions with the construction of greenhouse structures, and so on. For this type of goods, while restrictions will remain”, — said Putin.

Subsequently, on 21 may, Prime Minister Dmitry Medvedev and his Turkish counterpart Binali Yildirim signed a joint statement on mutual lifting of trade restrictions between States.

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