Lira actually improves as US sanctions on Turkey achieve little
President Tayyip Erdoğan, who has pledged to continue military operations, come what may, says Turkey is bringing peace to the region
Ankara/Washington — Turkey ignored new sanctions from the US to press on with its assault on northern Syria on Tuesday, while the Russia-backed Syrian army entered one of the most hotly contested cities, filling a void created by US President Donald Trump’s abrupt retreat.
A week after reversing US policy and moving troops out of the way to allow Turkey to attack Washington’s allies in northern Syria, Trump announced a package of sanctions to punish Turkey. But financial markets shrugged off the announcement, and Trump’s critics said the moves were too feeble to have an impact. The Turkish lira actually went up, with traders noting Trump had spared Turkish banks from punishment...
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