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October 16, 2019

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Turkey assault continues despite sanctions

TURKEY ignored US sanctions and pressed on with its assault on northern Syria yesterday, while the Russia-backed Syrian army roared into one of the most hotly contested cities abandoned by US forces in Donald Trump’s retreat.

Reuters journalists accompanied Syrian government forces who entered the centre of the city of Manbij, a flashpoint where US troops had previously conducted joint patrols with Turkey.

US forces announced they had pulled out of the city.

A week after reversing US policy and moving troops out of the way to allow Turkey to attack Washington’s Syrian allies, Trump announced a package of sanctions to punish Ankara.

But the measures — mainly a hike in steel tariffs and a pause in trade talks — were less robust than financial markets had expected, and Trump’s critics derided them as too feeble to have an impact.

The Turkish lira, which had fallen on the expectation of tougher US measures, recovered after the sanctions were announced, as did its bond and stock markets, with traders noting that Trump had spared Turkish banks.

Trump’s decision to withhold protection from Syria’s Kurds after a phone call with Turkish President Tayyip Erdogan a week ago swiftly upended five years of US policy in the Middle East. The withdrawal gives a free hand to Washington’s adversaries in the world’s deadliest ongoing war.




 

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