Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

FT says Western governments are alarmed over Turkey's deepening ties with Russia

Published 08/06/2022, 12:29 PM
Updated 08/06/2022, 12:30 PM
© Reuters. Turkish President Tayyip Erdogan meets with his Russian counterpart Vladimir Putin in Sochi, Russia August 5, 2022. Turkish Presidential Press Office/Handout via REUTERS

(Reuters) - Western governments are increasingly alarmed about deepening economic ties between Turkey and Russia, warning of the mounting risk that Turkey could be hit by punitive retaliation if it helps Russia avoid sanctions, the Financial Times reported on Saturday.

© Reuters. Turkish President Tayyip Erdogan meets with his Russian counterpart Vladimir Putin in Sochi, Russia August 5, 2022. Turkish Presidential Press Office/Handout via REUTERS

On Friday, Russian President Vladimir Putin and Turkish President Tayyip Erdogan agreed to boost cooperation in the transport, agriculture, finance and construction industries.

Six Western officials told FT that they were concerned about the agreement.

Latest comments

This was predicted in the Bible thousands of years ago. Those who pretend to be surprised will likely be on the wrong side of Heavens gate. Very hot on the wrong side...
Keep your incoherent street ramblings to yourself
I'm pretty sure neither Russia nor Turkey existed thousands of years ago. Just to make sure, I did a word search of the Bible for Russia and for Turkey but got zero results.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.