Lots of things are going wrong in Turkey, all at once, driven by the collapse of its currency, the lira. The West needs Turkey to be strong: Turkey is a physical buffer between Europe and the war in Syria. US sanctions have annoyed Turkish president Erdoğan, who says he is now in search of “new […]
In response to a new round of U.S. sanctions, Russia is pledging to sell more of its U.S. dollar denominated holdings. Russia has sold off more than 84% of its US holdings in recent months, Treasury data released last month shows.
Speaking during a trip to the Kamchatka region of Russia, Reuters reported Medvedev as saying: “If some ban on banks’ operations or on their use of one or another currency follows, it would be possible to clearly call it a declaration of economic war.” President Donald Trump’s administration said Wednesday it plans to punish Russia […]
Following Washington’s announcement of fresh sanctions on Russia for its alleged poisoning of Sergei Skripal, a raft of more sweeping and controversial measures from Congress may be on its way. The Defending American Security from Kremlin Aggression Act of 2018 (DASKAA), spearheaded by Republican Senator Lindsey Graham, details broad sanctions on investments in Russian energy […]