The European Union<a href="https://www.reuters.com/business/finance/eu-pitched-turkey-join-its-payments-system-envoy-says-2026-03-19/"> has offered</a> Turkey<a href="https://www.reuters.com/business/finance/eu-pitched-turkey-join-its-payments-system-envoy-says-2026-03-19/"> to</a> join the Single Euro Payments Area (SEPA). The proposal was made during an<a href="https://enlargement.ec.europa.eu/news/commissioner-kos-turkiye-strengthen-regional-cooperation-and-connectivity-2026-02-05_en"> official visit to</a> Ankara by EU Commissioner for Neighborhood and Enlargement Marta Kos in early February. How will the implementation of European banking standards in Turkey proceed if Ankara agrees, and how will it affect Russians?

"Unsuitable country": how Turkey's entry into the euro payments zone will affect Russians

Turkiye Garanti Bankasi A.S.

Akbank T.A.S.

Turkiye Is Bankasi A.S.

Yapi ve Kredi Bankasi A.S.

BIM Birlesik Magazalar A.S.

Migros Ticaret A.S.

Sok Marketler Ticaret A.S.

Turkcell Iletisim Hizmetleri A.S.

Turk Telekomunikasyon Anonim Sirketi

ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi

Eregli Demir ve Celik Fabrikalari T.A.S.

Ford Otomotiv Sanayi A.S.

Tofas Turk Otomobil Fabrikasi Anonim Sirketi

Since the beginning of the year, the key index of the Istanbul Stock Exchange BIST 100, reflecting the dynamics of shares of the hundred largest capitalization companies traded on this site, rose by more than 23%, the growth for the year amounted to 40%. Bloomberg wrote that by January 29 in dollar terms it had already set a growth record since 1997. Evgeny Shatov, partner of Capital Lab investment company, tells us what the reason for such a surge is and what risks an investor should be aware of.

Turkey's market is up 23% YTD: 17 stocks and 2 ETFs to invest in it

Turkish lira