The Putin-Erdogan meeting in Sochi has rapidly accelerated Russian-Turkish economic initiatives and financial ties. These include bypassing western sanctions, integrating money transfers, and trading outside the dollar.
© The Cradle
In inter-state relations, the question is always one of balance and political opportunity. Statesmanship lies in striking the balance and seizing the opportunity thereof.
Russian President Vladimir Putin's 4-hour meeting with Turkish President Recep Tayyip Erdogan in Sochi on Friday becomes an outstanding example of how two powers who have rivaled each other in history can still craft a common destiny by balancing their interests and create new opportunities to navigate their way forward in an uncertain world.
It is seldom that the outcome of a high-level working visit can be foretold with absolute certainty. Yet, that was what Erdogan did as he headed for Sochi. He said, "I believe that (today's meeting) will open a whole different page in Turkish-Russian relations."
The agenda of the Sochi meeting was based on a message Putin had transmitted to Erdogan via the Russian Deputy Prime Minister Aleksey Overchuk, who visited Ankara on 14 June. Overchuk is a politician who is more of a technocrat in economic management. Indeed, the Turkish president happily received him.
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