Russia and Turkey's Deepening Ties Prompt Concern in West Over Sanctions Compliance
Expanding trade and financial links since the outbreak of war have sharpened U.S. fears that Ankara is turning increasingly toVideo:
ISTANBUL—Turkey and Russia are stitching their economies more tightly together, heightening concerns among the U.S. and its allies that the burgeoning relationship could undermine sanctions imposed on the Kremlin as punishment for its invasion of Ukraine.
Expanding trade and financial ties show how the countries are turning to each other to shore up their troubled economies. Russia is increasingly leaning on Turkey to ease its international isolation after the West imposed sweeping sanctions on Russia since its assault on Ukraine began in February. Turkish President Recep Tayyip Erdogan needs foreign currency amid an economic crisis resulting largely from his own monetary policy, economists say.
“Because the U.S. and EU countries closed their doors to Russia, Russia turned to Turkey,” said Gıyasettin Eyyüpkoca, the head of the Laleli Industrialists and Businessmen’s Association, an industry group for Turkish trade with Russia.
From energy and industrial hardware, to Russian oligarchs parking their yachts on Turkey’s glittering Mediterranean coast, the deepening relationship with Russia has sharpened concern among senior officials in Washington and Europe that Turkish policies are working against the Western sanctions imposed on Russia.
https://www.wsj.com/articles/russia-and-turkeys-deepening-ties-prompt-concern-in-west-over-sanctions-compliance-11661249222
= new reply since forum marked as read
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