Economy

A Fading Future in Istanbul – Palladium

Image credit: Emir Eğricesu/Street musician in Istanbul, Turkey The neighborhood of Çengelköy (pronounced: Chengel-koy) is nestled in Istanbul on the Asian shore of the Bosphorus. Its streets are steep climbs, and a perilous journey for the uninitiated driver. It’s a place where the nightlife is lively but sober. The nouveau riche couples and families of …

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Greek leader tells Congress democracy is tested by Russia | AP News

WASHINGTON (AP) — Greek Prime Minister Kyriakos Mitsotakis told the U.S. Congress on Tuesday their shared belief in “freedom over tyranny, in democracy over authoritarianism” is being tested as he focused on Russian President Vladimir Putin’s invasion of Ukraine. Mitsotakis used his address to a joint meeting of Congress to call out the “heroism of …

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Turkey: NATO’s Pro-Putin Ally – Gatestone Institute

On February 25, Turkey abstained from voting on suspending Russia’s membership in most bodies of the Council of Europe in response to the military operation in Ukraine. “During the vote in Strasbourg, Turkey decided to abstain,” Foreign Minister Mevlüt Çavuşoğlu said. “We don’t want to break off the dialogue with Russia.” In an op-ed published …

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Turkey Becomes an Oasis for Russian Exiles – VOA News

Turkey is one of the few countries where Russian airplanes can fly and Russian passport holders can enter without visas, making it a prime destination for Russians seeking to escape both Putin’s crackdowns and the effects of economic sanctions. For VOA, Dorian Jones reports from Istanbul. Source: Turkey Becomes an Oasis for Russian Exiles

Erdogan Wants to Bond With Saudi He Scorned – Bloomberg

A street kiosk in front of a mural of Turkish President Recep Erdogan in Bursa, Turkey, on Jan. 4. – Photographer: Moe Zoyari/Bloomberg By When Saudi critic Jamal Khashoggi was murdered by his own country’s agents in Istanbul three years ago, Turkish President Recep Tayyip Erdogan appeared to revel in the bad publicity it created …

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A Tanker’s Giant U-Turn Reveals Strains in the Market for Russian Oil – The New York Times

The ship, originally sailing to Philadelphia, apparently lost its buyer in the middle of the Atlantic. A number of tankers carrying Russian oil face similar problems. A tanker loaded with one million barrels of Russian oil set sail from Murmansk this month, headed for Philadelphia. Then, in the middle of the Atlantic, it did an …

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Greece: Staff Concluding Statement of the 2022 Article IV Consultation Mission | IMF

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF …

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