The New York Times: "Economy of the Turkish Republic is on the verge of crisis"

The New York Times wrote that the deterioration of relations with Russia will further exacerbate the crisis in Turkey. The recently booming economy of the Turkish Republic is on the verge of crisis due to the events related to the Syrian conflict, the fight with the Kurds and the domestic political turmoil. In addition, problems with exports to China and the Middle East have considerably weakened the country's economic situation. Most likely, the deterioration of relations with Russia, the closest partner of Turkey in the region, will have a very significant impact on the state, which has been trying to maintain a precarious political and economic balance for the  last six months.

The unemployment rate in the republic has grown significantly, and after the embargo on imports of Turkish products in Russia this figure could increase significantly. The tourism sector is also under threat because of the sanctions imposed by the Kremlin, which, in turn, will also have a negative impact on the Turkish economy. However, the most important factor of complication of Russian-Turkish relations is the fact that the dispute with Moscow could undermine the international prestige of Turkey and make it less attractive for foreign investment.

The economic difficulties of the Turkish Republic also cause concern in the West. The European Union and the United States have seen in Turkey a potential partner in addressing the migrant crisis, with which Europe is unable to cope without the help of Ankara. Now the mood of the western countries towards Turkey is changing, and not in favor of the latter.

Another problem of the state is the potential political radicalization of the country. Against the backdrop of the deteriorating economic situation, more and more of the population is sympathizing with Islamic State, despite the fact that it is, in fact, a terrorist association. The increasing number of Syrian refugees is causing dissatisfaction among the local population, which has to deal with economic problems due to the huge influx of cheap labor.

Turkey is dependent on exporting manufactured goods to Europe and the Middle East, as well as on exports of food products to Russia. However, due to the wars in Syria and Iraq, the demand for Turkish goods has dropped significantly, and because of the conflict with Russia, Turkey has found itself in a very difficult situation. The radical position of the leadership of the country against the Kremlin could cause serious problems in a Turkey torn by internal conflicts and contradictions. Ankara should recognize the fact that by spoiling relations with Moscow it risks losing its influence not only in the Middle East, but also in the global political arena as a whole.

The British publication The Week wrote about whether Russia and the West will agree on joint actions against the background of the terrorism threat. During the past two years the relations between the Kremlin and Washington cannot be called friendly, rather reserved and cold, but recent events in the world and the increasing threat posed by Islamic State may become a new starting point in the relations between Russia and the West. President Barack Obama has already announced the idea of ​​coordinating war efforts with the Kremlin and even called Russian President Vladimir Putin a "constructive partner" in efforts to resolve the Syrian conflict. According to analysts, such a move is a sign of warming in the relations between the two superpowers, which in the past two years have been in a state of almost Cold War.

The possibility of coordination between the two states is even more notable as Washington severed formal military relations with Moscow in the past year due to the events in Ukraine. But now, after the Paris tragedy, the idea of ​​global solidarity is as relevant as ever for the revival of the strategic partnership between Russia and the West. The two parties still have a number of differences, including the Ukrainian issue, as well as a principled position about the fate of Bashar al-Assad, but it is likely the very moment when the priorities of international security are more important than their own interests.