Saudi crown prince’s visit to Turkey signals an ‘utterly remarkable’ posture change for Erdogan
- Since 2020, an informal boycott on Turkish goods in Saudi Arabia has been in place, and the kingdom for a period barred travel and flights into Turkey.
- A joint statement issued following the leaders’ talks detailed a new period of bilateral ties, including the removal of trade restrictions, more scheduled talks and a possible currency swap.
- This comes as Turkey faces an economic crisis, with inflation at a record high of more than 70% and a severely depreciated currency.
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