November 5 2019
Bilateral trade between Turkey and Russia has increased significantly, from $4.5 billion in 2000 to $25 billion dollars in 2018. However, according to Turkish Statistical Institute (TÜİK) data, Russia imported $3.4 billion dollars worth of goods from Turkey in 2018 and sold $21.9 billion dollars worth of goods to Turkey. The latest trade figures indicate that Turkey's trade deficit against Russia is $18.5 billion dollars. Turkey’s trade deficit has increased by almost $2 billion dollars since 2017. These figures show that although both countries may aim to improve their trade relationship, Turkey's economic conditions cause Russia to benefit more than Turkey.
According to a recent UN report, the countries that will be most vulnerable to changes caused by Brexit are the EU member states and Turkey. Why does Turkey need to rapidly reshape its relations with the UK? And why is the UK essential for Turkey's future when it comes to its economy and business world?
If Russia rejects Turkey's road map for NE Syria today, a conflict between the Syrian regime and Turkey may be possible. It might also lead to Russia losing its grip on Turkey, which may well hurt Moscow's efforts to curb the Western alliance. Both leaders have enough reasons to protect their partnership, but politics is not always determined reasonably.
If a military intervention against Iran lead by Saudi Arabia Kingdom is launched, Iran and its supporter groups will unsurprisingly target Saudi’s transporters.