Domestically, the elections are also not going Erdoğan’s way as he objects to opposition victories in key cities
The President of Turkey and leader of Turkey's ruling AK Party Recep Tayyip Erdoğan. Picture: AFP/ADEM ALTAN
The Turkish currency lost nearly 30% against the dollar last year in a sell-off sparked by concerns over the independence of the central bank and exacerbated by worsening ties with Washington. A senior US official said the purchase of the S-400 risked triggering sanctions. Acting US defence secretary Patrick Shanahan said later on Tuesday that he expected to resolve the dispute, but his comments had little impact on the lira.
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