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Contributor PerspectivesNov 20, 2019 | 09:30 GMT
Turkish President Recep Tayyip Erdogan and U.S. President Donald Trump hold a news conference at the White House on Nov. 13, 2019.
Erdogan's White House Visit May Have Only Delayed the Inevitable Storm
Turkish President Recep Tayyip Erdogan's White House visit on Nov. 13 can be regarded as a win for Erdogan only in a narrow, yet significant sense. Amid the threat of looming U.S. sanctions, Erdogan’s meeting with U.S. President Donald Trump ended with the Turkish president voicing Ankara's demands in the Oval office and, apparently, managing to stave off punitive U.S. measures.
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AssessmentsAug 29, 2018 | 09:00 GMT
In this November 2013 file photo, Turkey's former energy minister, Taner Yildiz, is shown speaking in Ankara after Turkey refused to lower its oil imports from Iran despite U.S. sanctions.
Turkey Looks for Ways Around the U.S. Sanctions on Iran
The U.S. government is rolling out its toughest sanctions yet on Iran to try to pressure Tehran to change its behavior. In the process, it's forcing the countries that do business with the Islamic republic to make a tough choice: Fall in line with the United States or continue trading with Iran. The dilemma is especially difficult for Turkey, which, despite a centurieslong rivalry with Iran, depends on the country for much of its oil and natural gas needs. Ankara recently announced that it would try to increase its trade with Iran from $10 billion per year in 2017 to $30 billion per year, notwithstanding the wave of new sanctions on Tehran set to take effect in November. Turkey's financial problems, however, will limit the extent to which its government can push back against Washington.
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SnapshotsAug 16, 2018 | 22:42 GMT
Turkey: Ankara Searches for an Economic Rescue
Amid continuing efforts to stabilize the Turkish lira, Economy and Finance Minister Berat Albayrak spoke with 3,000 investors on Aug. 16, attempting to address some of the issues facing the economy. During the call, he stated that Turkey was economically stable and that the country won't resort to capital controls or assistance from the International Monetary Fund. He also noted that the government is working to reduce inflation. Investor reactions have so far been positive, albeit cautious. Now, Albayrak needs to move beyond the rhetorical space and take definitive action, potentially through the implementation of a new economic program, set to be unveiled in September.
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On GeopoliticsAug 16, 2018 | 09:00 GMT
A teller holds Turkish lira banknotes at a currency exchange office in Istanbul on Aug. 13, 2018.
Making Sense of Turkey's Economic Crisis
Once again, economists and financial experts are pulling out their hair trying to understand the populist, authoritarian enigma that is Turkish President Recep Tayyip Erdogan. With the lira plunging to scary new depths, many will ask incredulously how the political steward of an $850 billion economy could be so reckless as to brand utterly rational investors as enemies of the state. Why, they ask, would the government accuse us of conspiring across global financial capitals to take Turkey down -- when it's precisely that kind of bombastic language that will send more capital fleeing? And why won't Erdogan just strike a seemingly simple diplomatic bargain over an American pastor if that will surely bring down the lira's fever? Welcome to Turkey, my friends. To understand Erdogan's behavior today, we have to rewind 15 years.
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Contributor PerspectivesAug 12, 2018 | 13:00 GMT
Turkish President Recep Tayyip Erdogan addresses the crowd gathered before Ankara's Presidential Palace on July 9, 2018, the day of his inauguration for another term in office.
Between the U.S. and Turkey, Andrew Brunson Is Only Part of the Problem
In the wake of Turkey's latest elections, the country's relationships abroad are only getting rockier. The June 24 vote formally instated an executive presidential system, institutionalizing re-elected President Recep Tayyip Erdogan's one-man rule. At the same time, it has continued the deterioration of Turkey's relations with its partners and allies, foremost the United States. The ever-escalating diplomatic rupture, largely at Erdogan's hand, represents an abrupt departure from Turkey's national interests in favor of a personalized and impulsive foreign policy. Even if Washington and Ankara can resolve their immediate problems -- such as the recent arrest of U.S. citizens in Turkey -- the numerous, and multiplying, issues on which Turkey and the United States now disagree could be their relationship's undoing.
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SnapshotsJan 4, 2018 | 21:37 GMT
Turkey: Cracking Down on Sanctions Violations, Washington Wounds Ankara
A recent U.S. court case against a Turkish banker has driven yet another wedge between the United States and Turkey during what has become an exceptionally rocky period in the two countries' relationship. On Jan. 3, a federal jury in New York found Mehmet Hakan Atilla, the former deputy general manager of Turkish state-backed bank Halkbank, guilty of conspiring to defraud the United States, of violating U.S. sanctions law and of committing bank fraud. Atilla, along with eight co-defendants, was accused of helping to circumvent 2012 U.S. sanctions against Iran in a multibillion dollar scheme involving two Turkish banks. In October 2017, co-defendant Reza Zarrab signed a guilty plea deal. In response to the conviction, Turkey's foreign ministry called the trial unfair and said that the verdict was "unjust and unfortunate."
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AssessmentsSep 19, 2017 | 15:32 GMT
Aware of the advantages the governments in Baghdad and Ankara have over its oil export pipelines, the Kurdistan Regional Government is looking for ways to even the playing field with its neighbors.
A Russian Energy Firm Boosts the Political Power of Iraq's Kurds
The budding relationship between Russian energy firm Rosneft and Iraq's Kurdistan Regional Government (KRG) is closer than ever. The company announced Sept. 18 that it was in the final stages of negotiating a deal with the KRG to finance and build a $1 billion natural gas export pipeline to Turkey. Once complete, the pipeline will transform the way the autonomous region in northern Iraq exports its energy. And its effect on regional politics will be no less dramatic.
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