Türkiye has reportedly decided not to participate, for now, in the newly proposed Defence, Security and Resilience Bank (DSRB), a NATO-backed financial initiative aimed at funding defense and security projects.

The decision was made following strategic and technical assessments conducted by the country's relevant government agencies. Turkish authorities have not officially commented on the report, The Caspian Post reports via CNN Türk.

The DSRB initiative was endorsed by a group of NATO members during the July 7-8 NATO Summit in Ankara. The planned institution is expected to be headquartered in Montreal, Canada, and aims to mobilize up to $134 billion to finance defense, security, and resilience projects, including initiatives related to Ukraine.

Earlier reports indicated that Albania, Belgium, Canada, Greece, Latvia, Luxembourg, Romania, and Ukraine had expressed their intention to participate in establishing the new financial consortium.

Türkiye's reported decision suggests Ankara is taking a cautious approach as it evaluates the long-term strategic and financial implications of joining the initiative.