Erdogan is defying Western sanctions on Moscow over the war in Ukraine and is making a “high-risk” bid to prop up his country’s economy by strengthening economic ties with Putin
Turkish President Recep Tayyip Erdogan is deepening his country’s economic ties with Russia amid contentious relations with Turkey’s NATO partners, the Wall Street Journal reports today.
The paper points out that Ankara is defying Western sanctions on Moscow over the war in Ukraine and doing little for a “high-risk” effort by Erdogan to prop up his country’s economy.
Turkey is deepening economic ties with Russia in a high-risk bid to support its economy, defying Western sanctions on Moscow amid contentious relations with its NATO partners https://t.co/cFSTlMJtkZ
— The Wall Street Journal (@WSJ) December 24, 2022
“Russia’s supply of oil and gas at discounted prices and financing for a nuclear power plant are helping to stabilize Turkey’s economy at a time when Europe and its allies are trying to limit Moscow’s income from energy exports due to war in Ukraine,” reports the WSJ.
According to the article, strengthening the economic relationship with Russia is part of Erdogan’s strategy to claim the position of “mediator” in the Ukraine crisis, bridging the gap between Russia and the West.
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With a wealth of experience honed over 4+ years in journalism, I bring a seasoned voice to the world of news. Currently, I work as a freelance writer and editor, always seeking new opportunities to tell compelling stories in the field of world news.
