Economics
Putin and Erdogan Are Feuding and There’s Big Money at Stake
- Economic ties between Russia and Turkey have deepened
- Trade spat in 2016 worsened unemployment, pushed up inflation
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A fresh standoff between Vladimir Putin and Recep Tayyip Erdogan is testing the fragile alliance that has allowed Russia and Turkey to work together in the Middle East. But there’s another major reason why things may not get too far out of hand: the countries have deeply entrenched economic ties.