Economics
Erdogan Drags NATO Bases Into Row Over Russian Missile Deal
- Ankara’s push to buy S-400 batteries is inflaming relations
- Turkey’s also being assertive in its backing of Libya’s Sarraj
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President Recep Tayyip Erdogan threatened to close two critical NATO installations if the U.S. imposes sanctions over Turkey’s purchase of a Russian missile system, escalating a row that’s roiling the military alliance.
The lira dropped the most in almost two months, the biggest decline among emerging-market currencies, as Erdogan’s high-stakes warning of possible retaliation sparked market concern.