INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Erdogan says West staging ‘provocations’ against Russia

Turkish president Recep Tayyip Erdogan looks on during his meeting with his counterpart Serbian President Aleksandar Vucic in Belgrade on September 7, 2022. (AFP)
  • Erdogan has tried to use his open relations with both Moscow and Kyiv to try to arrange direct talks between Putin and Ukrainian President Volodymyr Zelensky in Turkey.
  • Turkey has not joined the Western sanctions regime against Russia and signed a new economic cooperation agreement with Moscow during a summit between Putin and Erdogan in Sochi.

Turkish President Recep Tayyip Erdogan on Wednesday accused the West of staging “provocations” against Russia that have forced it to cut energy supplies to Europe.

Erdogan has maintained good working relations with Russian President Vladimir Putin while trying to stay neutral in the conflict and supplying Ukraine with weapons and combat drones.

He told reporters on a visit to Belgrade that he understood Putin’s decision to cut off natural gas supplies to Germany via the Nord Stream pipeline.

“I can say very clearly that I do not find the attitude of the West — no need to mention names — to be correct, because it is a policy based on provocations,” Erdogan said.

“As long as you try to wage such a war of provocations, you will not be able to get the needed result.”

Erdogan has tried to use his open relations with both Moscow and Kyiv to try to arrange direct talks between Putin and Ukrainian President Volodymyr Zelensky in Turkey.

“As Turkey, we have always maintained a policy of balance between Ukraine and Russia. From now on, we will continue to follow that balanced policy,” he said.

Erdogan is expected to meet Putin at a regional summit in Uzbekistan next week.

Turkey has not joined the Western sanctions regime against Russia and signed a new economic cooperation agreement with Moscow during a summit between Putin and Erdogan in Sochi earlier this month.