In 2022, after the invasion of Ukraine, Russia tried to bypass U.S. sanctions by creating an “offshore reserve” through the Akkuyu nuclear plant in Turkey. The plan was for the plant to transfer money to Russian companies with accounts in Turkey’s Ziraat Bank, avoiding transactions through the U.S.

In 2022, after the invasion of Ukraine, Russia tried to bypass U.S. sanctions by creating an “offshore reserve” through the Akkuyu nuclear plant in Turkey. The plan was for the plant to transfer money to Russian companies with accounts in Turkey’s Ziraat Bank, avoiding transactions through the U.S.

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by Prior-Case58