bne_newspaper_April_13_2018

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Content:
2 Top Stories
7 The Regions This Week 11 Chart
13 Central Europe
15 Southeast Europe
18 Eastern Europe 21 Eurasia
24 Opinion
26 Lists24 Lists
April 13, 2018 www.intellinews.com
‘Erdonomics’ could be driving Turkey to a meltdown
Will Conroy in Prague
Turkish President Recep Tayyip Erdogan was this week unmoved in the face of the sliding Turk- ish lira (TRY), reiterating unorthodox monetary policies that have unnerved many investors and repeating his hard-nosed insistence that interest rates need to be lowered to “save” investors.
Analysts are not ready to call it but there’s a grow-
Russian stocks and bonds sell off heavily after new US sanctions imposed on oligarchs
Ben Aris in Berlin
Russian stocks and bonds sold off on April 9
as heavily as they did when Russia annexed the Crimea in 2014, after investors started reacting to the new sanctions imposed by the US last week on some of Russia’s biggest tycoons and mem-
Will the president have enough rabbits to pull out of his hat in the run-up to the next presidential election?
ing apprehension that Erdogan, going hell-for- leather for short-termist growth with an eye on what could be snap parliamentary and presiden- tial elections, could risk tipping Turkey’s economy over the edge.
See page 2
Russian stocks and bonds sell off heavily after new US sanctions imposed on oligarchs. Oligarch Oleg Deripaska was in the front line.
bers of Russian President Vladimir Putin’s inner circle. The seven businessmen listed in the new sanctions collectively saw $12bn of their wealth
See page 4