Economics
Turkey on Trump Blacklist as Sanctions Spell Trouble for Economy
- Further U.S. measures could target Halkbank, business leaders
- Turkey to freeze assets of two U.S. officials in retaliation
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“Under the pillow.’’ That’s where Turks can find the weapons to fight back against American sanctions, according to their president.
The local idiom describes where Turkish savers supposedly stash their foreign currency. On Friday, two days after the U.S. imposed unprecedented penalties on its NATO ally, President Recep Tayyip Erdogan urged the public to deploy all that money in defense of the country.