bne_newspaper_August_10_2018

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2 Top Stories
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11 Central Europe 13 Southeast Europe 16 Eastern Europe 19 Eurasia
21 Opinion
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August 10, 2018 www.intellinews.com
Turkey stares into the abyss
Will Conroy in Prague and Akin Nazli in Belgrade
As the Turkish lira plunged further into the abyss and Turkey’s economy looked ready to implode, Turkish President Recep Tayyip Erdogan on Au- gust 10 did not speak of bringing in the IMF or introducing capital controls — instead he spoke of an “economic war” with the West and, the previous evening, addressing his supporters after arriving in his home town Rize by the Black Sea,
Russian shares tank on US announcement of new Russia sanctions over UK poisoning
bne IntelliNews
The US State Department announced it will impose new sanctions on Russia by the end of August over the alleged used of military-grade nerve agent in the poisoning of former Russian agent Sergei Skripal on UK soil on August 8
he declared: "There are various campaigns being carried out. Don't heed them. Don't forget, if they have their dollars, we have our people, our God. We are working hard. Look at what we were 16 years ago and look at us now."
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leading to a stock market sell off of Russian shares.
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