Turkish President Recep Tayyip Erdogan on Tuesday sharply criticised the use of economic sanctions "as weapons" in his address to the UN, in an implicit swipe at the United States.
"None of us can remain silent to the arbitrary cancellation of commercial agreements, the spreading prevalence of protectionism and the use of economic sanctions as weapons," Erdogan told the UN General Assembly.
Ties between Washington and Ankara hit a low in August when President Donald Trump announced steep new tariffs on Turkish steel and aluminum in response to the detention of an American pastor in Turkey.
The Turkish lira has taken a beating on the currency market, sparking fears in Turkey of a full-blown economic crisis.
"Nobody wants the world to experience a new economic rupture," said Erdogan.
He did not accuse the United States directly but pointed to "countries that are persistently trying to create chaos." "It is very easy to create chaos but it's difficult to re-establish order, and today some countries are persistently trying to create chaos."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
