While Turkey is a NATO ally, Recep Erdogan strategically refused to participate in the process to ostracize Russia. True to Erdogan’s strategic political interests of being an influence broker, Turkey is the only NATO country that does not participate in the sanctions regime against Russia. Next month Russian President Vladimir Putin will travel to Turkey for diplomatic discussions.
Turkey represents the literal gateway for most Western travel into and out of Russia. However, first things first. Despite the position of Turkey, notice how Hungary receives all the EU admonitions for not supporting the Ukraine side of the conflict, while NATO/EU never criticize Turkey who never even joined the EU/Western sanctions regime. Inside that hypocritical contrast there is a revealing story.
Turkey established themselves as the neutral entity for future brokering negotiations between Russia and Ukraine. Turkey has multiple geopolitical ties to Russia, including the purchase of Russian military equipment. Apparently, despite the severity of the original sanction demand, Western interests -specifically the U.S. government- had no issue with Turkey proactively taking their ‘neutral’ position. Always remember this.
Given all of the domestic headlines in the USA, there is a very good reason for Americans to keep paying attention to all things that happen in the orbit of Russia right now. Many people ponder the issue of a dollar-based central bank digital currency; however, only a few people have paid attention to the self-fulfilling prophecy of the CBDC that was created by the Russian sanctions regime.
Those who ask about the possibility/probability of a dollar-based CBDC, and the possibility of the timeframe therein, should always be referenced back to the Western financial sanctions against Russia. It was that triggering point that put the USA and Western alliance on the irreversible path to the U.S CBDC, and the process is no longer a matter of “if” because the determining issue is no longer (primarily) in U.S. control.