Berliner Boersenzeitung - Erdogan seeks payoff from Russia-US clash on Ukraine

EUR -
AED 4.081513
AFN 77.230118
ALL 99.042862
AMD 430.140447
ANG 2.003297
AOA 1032.870816
ARS 1069.272543
AUD 1.642244
AWG 2.001578
AZN 1.891198
BAM 1.953279
BBD 2.244384
BDT 132.82382
BGN 1.955628
BHD 0.418727
BIF 3214.74806
BMD 1.111216
BND 1.437883
BOB 7.68095
BRL 6.070127
BSD 1.111556
BTN 93.071223
BWP 14.684447
BYN 3.637804
BYR 21779.834762
BZD 2.240568
CAD 1.512215
CDF 3189.190401
CHF 0.941761
CLF 0.037483
CLP 1034.264491
CNY 7.869634
CNH 7.889245
COP 4656.273092
CRC 575.347202
CUC 1.111216
CUP 29.447226
CVE 110.581035
CZK 25.072369
DJF 197.485658
DKK 7.459843
DOP 66.72826
DZD 146.835789
EGP 53.922652
ERN 16.668241
ETB 129.160898
FJD 2.451457
FKP 0.846257
GBP 0.841741
GEL 2.980835
GGP 0.846257
GHS 17.457112
GIP 0.846257
GMD 76.673956
GNF 9612.018347
GTQ 8.597828
GYD 232.625627
HKD 8.660018
HNL 27.735577
HRK 7.55517
HTG 146.669414
HUF 394.304073
IDR 17004.939355
ILS 4.199563
IMP 0.846257
INR 93.080735
IQD 1455.693038
IRR 46787.751798
ISK 152.292299
JEP 0.846257
JMD 174.634647
JOD 0.787521
JPY 158.672729
KES 143.346323
KGS 93.744637
KHR 4522.64896
KMF 491.711705
KPW 1000.093823
KRW 1476.253041
KWD 0.338843
KYD 0.92633
KZT 532.423365
LAK 24568.987385
LBP 99509.397658
LKR 337.191845
LRD 216.687298
LSL 19.545888
LTL 3.281132
LVL 0.672163
LYD 5.283827
MAD 10.841857
MDL 19.313599
MGA 5067.145444
MKD 61.530629
MMK 3609.186415
MNT 3775.91212
MOP 8.922126
MRU 44.114338
MUR 50.948991
MVR 17.057703
MWK 1928.515872
MXN 21.403543
MYR 4.724337
MZN 71.006746
NAD 19.546773
NGN 1821.761212
NIO 40.848097
NOK 11.769856
NPR 148.920849
NZD 1.788863
OMR 0.42778
PAB 1.111546
PEN 4.195007
PGK 4.36469
PHP 62.030859
PKR 309.085048
PLN 4.273859
PYG 8666.738233
QAR 4.04566
RON 4.975249
RSD 117.057684
RUB 104.038142
RWF 1489.029519
SAR 4.170346
SBD 9.246166
SCR 14.965422
SDG 668.391412
SEK 11.34546
SGD 1.440891
SHP 0.846257
SLE 25.38829
SLL 23301.639441
SOS 634.504739
SRD 33.417049
STD 22999.928891
SVC 9.726099
SYP 2791.963614
SZL 19.545971
THB 37.115306
TJS 11.838011
TMT 3.900368
TND 3.36811
TOP 2.611133
TRY 37.856354
TTD 7.550121
TWD 35.523332
TZS 3027.441423
UAH 46.079379
UGX 4134.627366
USD 1.111216
UYU 45.549582
UZS 14162.448707
VEF 4025438.551901
VES 40.818578
VND 27363.69546
VUV 131.925803
WST 3.108586
XAF 655.129292
XAG 0.036848
XAU 0.000435
XCD 3.003117
XDR 0.823859
XOF 655.049687
XPF 119.331742
YER 278.192985
ZAR 19.512729
ZMK 10002.272396
ZMW 29.428495
ZWL 357.811118
  • RBGPF

    3.5000

    60.5

    +5.79%

  • BCC

    1.8200

    137.06

    +1.33%

  • CMSC

    0.0050

    25.055

    +0.02%

  • NGG

    -0.3200

    70.05

    -0.46%

  • RYCEF

    0.0900

    6.55

    +1.37%

  • GSK

    -0.1300

    42.43

    -0.31%

  • AZN

    0.0500

    78.58

    +0.06%

  • SCS

    0.1000

    14.11

    +0.71%

  • CMSD

    -0.0300

    24.98

    -0.12%

  • RIO

    -0.0100

    62.91

    -0.02%

  • RELX

    -0.3900

    47.37

    -0.82%

  • JRI

    0.0600

    13.44

    +0.45%

  • BCE

    1.1000

    35.61

    +3.09%

  • VOD

    0.0500

    10.23

    +0.49%

  • BP

    -0.1200

    32.43

    -0.37%

  • BTI

    -0.1300

    37.88

    -0.34%

Erdogan seeks payoff from Russia-US clash on Ukraine
Erdogan seeks payoff from Russia-US clash on Ukraine

Erdogan seeks payoff from Russia-US clash on Ukraine

Turkish President Recep Tayyip Erdogan will try to leverage his strategic position in NATO and his rapport with Russia's Vladimir Putin when he visits Kyiv on Thursday in a bid to head off war in Ukraine.

Text size:

The veteran Turkish leader hopes mediation between Putin and Ukrainian President Volodymyr Zelensky can avert a Russian offensive that Washington warns could start by mid-February.

His high-profile efforts -- met with caution in Moscow -- carry huge stakes and potentially rich rewards.

Analysts believe a serious conflict in Ukraine could upend Turkey's economy and imperil Erdogan's chances of extending his rule into a third decade in elections due by mid-2023.

It could also force Ankara to pick sides between Putin -- a leader who holds several economic and military trump cards over Turkey -- and traditional Western allies that have grown impatient with Erdogan's rule.

Kyiv's acquisition of battle-tested Turkish drones is a particular worry for Russian-backed separatist fighters in eastern Ukraine and for the Kremlin.

But analysts think success in averting a Russian invasion could highlight Turkey's importance to the Western defence alliance and warm Erdogan's chilly relations with US President Joe Biden.

"This is an opportunity for Turkey to elevate its status and come out of the doghouse, metaphorically speaking, in NATO," Asli Aydintasbas of the European Council on Foreign Relations told AFP.

"Ankara will also use this as an opportunity to improve ties with Washington," she added.

"Erdogan has developed this unique personal relationship with Putin that is simultaneously competitive and consensual -- allowing them to support different sides in Libya, the Caucasus and Syria."

- 'Keeps his word' -

Erdogan's evolving relationship with Putin has been one of the defining features of diplomacy across southeastern Europe and the Middle East.

Their relations imploded after Turkey shot down a Russian warplane near the Syrian border in 2015.

They improved markedly after Putin became the first head of state to call Erdogan on the night he survived a Turkish coup attempt in 2016.

Most Western leaders waited days before publicly supporting Erdogan -- indecision that analysts say pushed Turkey closer to Russia in subsequent years.

This bond has withstood repeated tests since.

Their support for opposing sides in Syria and Libya did not keep Turkey in 2019 from acquiring a Russian missile defence system at the heart of current tensions with Washington.

Putin also appeared to take in stride Turkey's game-changing supply of drones to Azerbaijan during its 2020 war with Moscow-backed ethnic Armenians in disputed Nagorno-Karabakh.

"This is a person who keeps his word -- a real man," Putin said of Erdogan weeks after the Karabakh conflict wound down.

Istanbul Medipol University scholar Abdurrahman Babacan said Erdogan and Putin share what "most leaders do not have in their bilateral relations: timely intervention and playing their cards face up".

- 'Counter the Bayraktars' -

Ukraine represents one of the leaders' points of friction.

Erdogan vocally opposed Russia's 2014 annexation of Crimea because of the historical presence of ethnically-Turkic Tatars on the peninsula.

He has backed Kyiv's NATO ambitions and approved Ukraine's acquisition of Turkey's Bayraktar TB2 combat drones.

Ukraine's release of grainy footage of a TB2 destroying a separatist military target prompted Putin to raise the issue during a December 2021 call with Erdogan.

Eastern separatist leader Denis Pushilin cited the drones as the main reason Russia should start openly arming Ukraine's rebel fighters.

"First and foremost, we need to counter the Bayraktars," Pushilin said.

Military analysts play down the drones' importance in case of all-out war.

"Yes, in an asymmetric fight that pits the Ukrainian army against the forces in the Donbass, a few TB2s can tilt the balance of forces," the Foreign Policy Research Institute's Middle East Program director Aaron Stein told AFP.

"However, in the event Russia invades, the TB2 isn't going to matter."

- 'All about Erdogan' -

Most analysts doubt Erdogan would openly confront Putin on Ukraine.

"If Turkey does escalate, Russia can respond in kind -- pressure (against Turkish soldiers and proxies) in Syria, economic sanctions," said Oxford University scholar Dimitar Bechev.

"Given its weakness, the Turkish economy can ill afford a boycott by tourists from Russia," veteran Turkey watcher Anthony Skinner added.

Washington Institute fellow Soner Cagaptay said Erdogan's immediate worry was to keep the economy strong enough to give his sagging approval numbers a chance to recover before the next election.

"Turkey is all about Erdogan right now, and Erdogan is all about winning the election in 2023," Cagaptay said.

Analysts said this made Erdogan's mediation efforts all the more important.

"Russian (military) actions will exacerbate Turkish economic weakness, such as increasing the cost of oil," said Stein. "This will not be pleasant."

(U.Gruber--BBZ)