Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Russian oil imports to Turkey fall as Trump seeks to cut Moscow's earnings
    Headlines

    Russian Oil Imports to Turkey Fall as Trump Seeks to Cut Moscow's Earnings

    Published by Global Banking & Finance Review®

    Posted on September 26, 2025

    3 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    Russian oil imports to Turkey fall as Trump seeks to cut Moscow's earnings - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:oil and gasInternational tradeforeign investment

    Quick Summary

    Russian oil imports to Turkey fall amid US pressure and sanctions, impacting energy relations and trade dynamics.

    Turkey's Russian Oil Imports Decline Amid U.S. Pressure on Moscow

    Impact of U.S. Sanctions on Turkish Oil Imports

    MOSCOW (Reuters) -Imports of Russian oil to Turkey, Europe's largest buyer of fuel from Moscow, have declined due to competition from other oil grades, sanctions, and as U.S. President Donald Trump urges allies to stop buying Russia's oil to cripple its war efforts.

    Frustrated by Russia's refusal to halt fighting in Ukraine, Trump has called on Europe to halt Russian oil and gas purchases, a key source of Moscow's revenue.

    On Thursday, after two hours of talks with Turkish President Tayyip Erdogan, Trump said he believed Ankara would agree to his request to stop buying Russian oil and that he may lift U.S. sanctions on Turkey.

    Turkey's Energy Relations with Russia

    TURKEY AND RUSSIA HAVE FORGED CLOSE RELATIONS

    A shift in Turkey's stance is not guaranteed, however, as Erdogan and Russian President Vladimir Putin have forged close relations in recent years.

    Kremlin spokesman Dmitry Peskov said on Friday it was up to Turkey to decide who it trades with.

    "It is a sovereign state that decides for itself in which areas to cooperate with us. And if certain types of trade in certain goods are deemed advantageous to the Turkish side, then the Turkish side will continue to do so," he said.

    Current Trends in Oil Imports

    Imports of Russian oil to Turkey have fallen in September to the lowest since April, two traders said and LSEG data showed.

    Turkey is the second-largest importer of seaborne Russian Urals crude after India, according to LSEG data. It has not joined Western sanctions against Russia but complies with international laws and restrictions.

    Turkey bought 1.6 million tons of Urals in June, the most since May 2024, LSEG data showed.

    But imports are set to fall to around 1.2 million tons this month, according to LSEG data as of Friday.

    Turkey's and Russia's energy ministries didn't immediately reply to requests for comment.

    Price Cap Effects on Imports

    Turkey cut Russian oil imports at the start of the year as refiner Tupras paused purchases after the price of Urals exceeded the Western-imposed price cap of $60 per barrel.

    Urals held above the price cap until April, when it fell back below it and Tupras resumed buying.

    In July, the European Union and the UK lowered the price cap for Urals to about $47.60 per barrel, further complicating the purchases.

    (Reporting by Reuters in MOSCOW. Additional reporting by Can Sezer in ISTANBUL. Editing by Mark Potter)

    Table of Contents

    • Impact of U.S. Sanctions on Turkish Oil Imports
    • Turkey's Energy Relations with Russia
    • Current Trends in Oil Imports
    • Price Cap Effects on Imports

    Key Takeaways

    • •Russian oil imports to Turkey have decreased due to US pressure.
    • •Turkey is Europe's largest buyer of Russian oil.
    • •US President Trump urges allies to stop buying Russian oil.
    • •Turkey's energy relations with Russia are complex.
    • •Price caps and sanctions affect Turkey's oil purchases.

    Frequently Asked Questions about Russian oil imports to Turkey fall as Trump seeks to cut Moscow's earnings

    1What is oil import?

    Oil import refers to the purchase of crude oil or petroleum products from foreign countries to meet domestic energy needs.

    2What is the Urals crude oil?

    Urals crude oil is a blend of crude oil produced in Russia, known for its medium density and sulfur content, and is a key export product.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Cyprus has opened discussion with UK over its bases, president says
    Cyprus Has Opened Discussion With UK Over Its Bases, President Says
    Image for Once inspired by Orban, Hungary's Peter Magyar now leads the charge to unseat him
    Once Inspired by Orban, Hungary's Peter Magyar Now Leads the Charge to Unseat Him
    Image for German foreign minister hopes Iran peace talks given chance to work
    German Foreign Minister Hopes Iran Peace Talks Given Chance to Work
    Image for Factbox-What's at stake in Hungary's parliamentary election?
    Factbox-What's at Stake in Hungary's Parliamentary Election?
    Image for Hezbollah chief rejects talks with Israel under fire, vows fighters will continue 'without limits'
    Hezbollah Chief Rejects Talks With Israel Under Fire, Vows Fighters Will Continue 'without Limits'
    Image for Hundreds evacuated after fire hits luxury Paris hotel
    Hundreds Evacuated After Fire Hits Luxury Paris Hotel
    Image for Pope Leo names Australian bishop to lead Vatican's legal office
    Pope Leo Names Australian Bishop to Lead Vatican's Legal Office
    Image for Russia says it supplies fuel to Cuba as humanitarian aid
    Russia Says It Supplies Fuel to Cuba as Humanitarian Aid
    Image for Iranian strikes pose ‘existential threat’, Gulf states tell UN
    Iranian Strikes Pose ‘existential Threat’, Gulf States Tell UN
    Image for Russia says it remains in contact with US on Ukraine settlement
    Russia Says It Remains in Contact With US on Ukraine Settlement
    Image for Putin allies Lukashenko and Kim meet in North Korea
    Putin Allies Lukashenko and Kim Meet in North Korea
    Image for Denmark's Frederiksen faces tough coalition talks to remain prime minister
    Denmark's Frederiksen Faces Tough Coalition Talks to Remain Prime Minister
    View All Headlines Posts
    Previous Headlines PostKremlin Won't Discuss Reported Threat to Shoot Down Russian Military Planes That Violate European Airspace
    Next Headlines PostSlovakia Amends Constitution to Promote 'national Identity'