The event is traditionally held at the highest level with the participation of Russian President Vladimir Putin, Deputy Prime Minister Alexander Novak, heads of energy authorities and international organizations, chief executives of international and domestic energy majors and representatives of business, expert and mass media community.

Russian President Vladimir Putin accused Ukraine of attempting to sabotage one of the sections of the TurkStream gas pipeline.

Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan held a phone conversation on Friday during which they discussed the latest events in Ukraine.

Russia and Turkey have partly converted payments for deliveries of Russian gas to rubles, Deputy Prime Minister of Russia Alexander Novak told reporters.

The decision on possible use of the Turkish payment system TROY as an alternative to Russia’s Mir may be announced by central banks of Russia and Turkey shortly, a source in Turkish financial circles told TASS on Wednesday.

… Turkey’s official inflation rate climbed to a new 24-year high last month as the country reeled from President Recep Tayyip Erdoğan’s unorthodox economic policy….

Annual inflation in Turkey hit 83.45% in September 2022, the Turkish Statistical Institute (TUIK) reported on Monday.

Turkey’s inflation jumped to a new 24-year high of more than 83% in September after the central bank cut interest rates despite a sharp rise in prices, official data showed.

The fact that the export license of the operator of TurkStream was revoked due to new EU sanctions will not affect the gas pipeline’s operation, Kremlin spokesman Dmitry Peskov told reporters on Friday.

South Stream Transport B.V., the operator of the TurkStream pipeline, announced an early termination of the company’s export license due to new EU’s sanctions.