EU May Strengthen Oversight of Turkish Banks

Turkish financial institutions may come under increased monitoring amid the EU's new sanctions against Russia.

Turkish banks and financial organizations could be subjected to oversight and indirect pressure from the European Union as part of the 19th sanctions package adopted against Russia. This was reported by a source from Turkey’s state financial sector to RIA Novosti.

According to the source, Brussels has already been sending indirect signals to Ankara regarding stricter controls on financial transactions. The EU's goal is not only to limit direct cooperation with Russia but also to close potential circumvention pathways through third countries.

The Turkish business sector, as noted by the source, must be prepared for stricter compliance checks and an increase in financial risks, including potential fines and additional scrutiny. Meanwhile, there are currently no official accusations or factual data; the EU's actions are seen as precautionary measures.

Russia, for its part, claims it will continue to resist sanction pressure and asserts that the restrictions imposed by the West have not met their objectives.