Biden risk looms for Turkey's Erdogan and beleaguered lira
Turkey stands to lose more than most other countries if Joe Biden is elected president since he is expected to toughen the US stance against President Tayyip Erdogan’s foreign military interventions and closer cooperation with Russia, Reuters reports.
An apparent S-400s test last week prompted a furious response from the State Department and Pentagon. Top Republican and Democratic US senators also called for sanctions that could hobble a Turkish economy hit by two slumps in as many years.
Erdogan has downplayed possible fallout and promised counter-sanctions.
The American threats have rung hollow since Moscow shipped the weapons to Ankara in mid-2019, largely because President Donald Trump has resisted punishing Erdogan, with whom he has regular calls, saying he hopes talks will resolve the issue.
Erdogan has leveraged his warm ties with Trump to flex military muscle in Syria, Libya, the Eastern Mediterranean and this month in Nagorno-Karabakh, filling some gaps left by a U.S. retreat from the region in recent years.
But the relationship could cool if Biden, the Democratic candidate and front-runner, wins the November 4 election.
In remarks that drew sharp criticism from Ankara, Biden in December advocated a new approach to the “autocrat” Erdogan and fretted over close Turkish cooperation with Russia.
Biden has said little specifically about the issue recently and his campaign did not respond to a request to comment. His platform calls on “all NATO nations to recommit to their responsibilities as members of a democratic alliance.”
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