- Turkey’s skies remain open to Russian airlines and its doors remain open to hundreds of thousands of Russians and their money. Turkey’s exports to Russia are surging.
- Russian cash helped to plug the growing hole in Turkey’s foreign currency reserves — and at a time when Erdogan needs foreign money to shore up the country’s ailing economy before the presidential and parliamentary elections in June 2023.
- Some analysts see this as a scheme to open up room for parking Russian funds in Turkey.
- The Erdogan-Putin bond has two main pillars. One is pragmatism: They both strategically, politically and economically benefit. The other is ideological: They both hate Western civilization.
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