Why did Tupras stop buying Russian crude?

Tupras stopped buying Russian crude due to U.S. sanctions announced on January 10 against Russian energy companies.

What percentage of Turkey's oil imports came from Russia?

Russian oil represented 65% of Turkey’s total oil imports in January-November 2024.

How much Russian crude did Tupras import in 2024?

Tupras imported 225,000 barrels per day (bpd) of Russian crude in 2024, the highest on record.

What was Tupras' net profit for the year?

Tupras reported a full-year net profit of 18.32 billion lira ($505.13 million), compared to a profit of 77.35 billion a year before.

When will Tupras receive its final cargoes of Russian crude?

Tupras will receive the final cargoes of Russian crude during February.

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Home > Headlines > Turkey’s top refiner Tupras stops Russian crude purchases after sanctions

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Turkey’s top refiner Tupras stops Russian crude purchases after sanctions

Published by Global Banking & Finance Review®

Posted on February 18, 2025

1 min read

Last updated: January 26, 2026

Turkey's Tupras oil refinery halts Russian crude purchases due to sanctions - Global Banking & Finance Review — The image illustrates Turkey's largest oil refiner, Tupras, which has ceased buying Russian crude oil following U.S. sanctions. This decision reflects significant shifts in Turkey's oil import strategy amidst geopolitical tensions.

Turkey’s top refiner Tupras stops Russian crude purchases after sanctions

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Tupras Halts Russian Crude Purchases Amid New U.S. Sanctions

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