Automotive Exports October 2022

Businesses
should not
worry about
sanctions
Businesses in Türkiye should not be
concerned by the threat of sanctions,
Treasury and Finance Minister Nureddin
Nebati said on Aug. 26.
“The letter should not cause concern in
our business circles. Türkiye is one of the
most important political and economic
power centers in the world,” Nebati wrote
on Twitter, referring to the letter the U.S.
Treasury issued to warn against violating
the sanctions imposed on Russia.
It is important for Türkiye to cooperate and
work together with its allies against the
global and regional challenges, he added.
“We are also determined to develop
commercial relations with our neighbors
in various sectors – especially tourism –
within a framework that is not subject to
sanctions... We are pleased to see that the
United States, our ally and trade partner,
is inviting its businesses to invest in our
economy,” Nebati said.
All actors in the Turkish economy are
committed to principles of free market and
try to have a larger share in global trade,
the minister said.
The Turkish Industry and Business
Association (TÜSİAD), on Aug. 23,
confirmed that it received a letter from U.S.
Treasury Deputy Secretary Wally Adeyemo
cautioning that Turkish companies risked
consequences if they did business with
Russians or Russian institutions that were
under U.S. sanctions.
Türkiye will not allow any person or
institution to violate sanctions imposed
on Russia over the invasion of Ukraine,
a senior Turkish official told his United
States counterpart. Deputy Treasury and
Finance Minister Yunus Elitaş spoke on the
phone with U.S. Deputy Treasury Secretary
Wally Adeyemo on the implementation of
sanctions against Russia. Elitaş underlined
the fact that Türkiye has deep economic
and political ties with both Ukraine and
Russia, saying Ankara’s stance on the
sanctions has not changed, meaning it
won’t join unilateral sanctions. But he
also assured his counterpart that the
government would not allow any person or
institution to violate sanctions on Russia.
Türkiye to launch new buses powered
by indigenous charging system
Anew domestically developed electric bus
is due to hit the roads in Türkiye’s Samsun
province, the latest in the efforts to curb
carbon emissions and achieve savings.
Manufactured jointly by prominent
electronics company Aselsan and TEMSAN,
an electromechanical firm affiliated with
the Energy and Natural Resources Ministry,
the vehicles will transport their first
passengers during a major upcoming event
in the northern city. Charged in as little as
15 minutes, the buses will run on lithium
batteries with Türkiye’s first domestic ultracharging
system. They will be responsible
for the transportation of visitors on the
sidelines of Teknofest, Türkiye’s largest
aerospace and technology event, set to be
held in Samsun from Aug. 30 through Sept.
4. The Black Sea province is known for its
congested traffic. Samsun Municipality
Mayor Mustafa Demir says the city is
among provinces where public transport
proves to be crucial.
“Although we built the rail system,
we could not provide the necessary
comfort in the city, especially in public
transportation. The rail system currently
operates on a single line. So our trams
are running at full capacity. We cannot
increase the number of trams,” Demir
said.
“We are thus putting forth electric buses
in accordance with the transportation
master plan we prepared.”
“For the first time in Turkey, electric
buses that run on lithium batteries with
a domestic ultra-charging system will be
used in Samsun. The test drives have been
completed, and we are commissioning
them together with Teknofest,” the mayor
added.
The vehicle can travel 80 kilometers (50
miles) with a 15-minute charge.
“We could have had it going 300-400
kilometers by changing the battery
system, but when we made a cost
calculation, we decided that these buses
are the most optimal,” said Demir.
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