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Rise of the Turks

From andreassteno.substack.com

“There’s no problem there” Those were the words of Recep Tayyip Erdogan when asked about the future of the Black Sea Grain Deal: a deal the Russians were extremely dissatisfied with and the Ukrainians would sacrifice anything - including the Russian Black Sea fleet - to preserve. And there was no problem - Erdogan took care of business. Turkey continues to guarantee the safe flow of grain in and out of Ukraine and there is very little the Russians can do about it. That’s one hard piece of evidence for the current balance of power in the Black Sea and East Med area. Turkey dominates the Black Sea, the Levant and ... (full story)

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  • Category: Fundamental Analysis