INSEAD Day 4 - 728x90

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

Turkey calls on Russia to end Ukraine attack

Demonstrators hold placards at a protest rally in central London on February 26, 2022 following Russia's invasion of Ukraine. - The UK government has ordered all assets of President Vladimir Putin and his Foreign Minister Sergei Lavrov frozen over Russia's invasion of Ukraine. (Photo by Tolga Akmen / AFP)
  • Ankara has repeatedly called the Russian invasion of Ukraine "unacceptable" and offered to mediate between Moscow and Kyiv
  • Erdogan said Turkey was trying to work towards the declaration of an immediate ceasefire "to prevent further loss of life and prevent further damage to Ukraine"

Turkish Foreign Minister Mevlut Cavusoglu asked Russian counterpart Sergei Lavrov to end the attack on Ukraine during a phone call on Saturday, a Turkish diplomatic source said.

Ankara has repeatedly called the Russian invasion of Ukraine “unacceptable” and offered to mediate between Moscow and Kyiv.

Cavusoglu told Lavrov that further military escalation would not benefit anyone, the source, who wished to remain anonymous, said.

President Recep Tayyip Erdogan offered his condolences over the loss of lives in the Russian attack and wished a speedy recovery to the wounded, during a phone call with his Ukrainian counterpart Volodymyr Zelensky, the source said.

Erdogan said Turkey was trying to work towards the declaration of an immediate ceasefire “to prevent further loss of life and prevent further damage to Ukraine,” the Turkish presidency said.

Cavusoglu reiterated Turkey’s “readiness to host negotiations that could take place between the Russian Federation and Ukraine,” according to the diplomatic source.

Turkey has found itself in a balancing act between Russia and Ukraine, with which it has friendly ties. Ankara is highly dependent on Russia for energy supplies.

The Council of Europe on Friday said it was suspending all representatives of Russia from the pan-European rights body over Moscow’s attack against Ukraine.

Turkey abstained during the vote.

In a televised interview late on Friday, Cavusoglu said: “We don’t want to cut off the dialogue” with Russia.