In the wake of the Russian invasion of Ukraine, many countries are choosing to boycott the Vladimir Putin-run nation. It is not about any proxy war rather a newly developed interest of Russian oligarch money which has recently been welcomed by Turkey on it sterritory. On Wednesday, it was confirmed by the foreign minister of Turkey that they have welcomed the Russian oligarchs into the country.Minister Mevlut stated that the gesture is both for tourists as well as investors. This move was the result of the announcement that Turkey's prime minister
Recep Tayyip Erdogan stressed on the “certain capital groups' ' which could be useful in establishing or parking their facilities in Turkey. This is a huge investment and for this very reason, certain experts predict that Turkey has been actively encouraging investments from specific blacklisted investors or billionaires especially when they are from Russia.
Analysts assume that these decisions are nothing but impulsive calls as the nation is looking for power. Defne Arslan, who was a former scientist and currently working as the senior director at the Atlantic Council in Turkey. The official also added, “Attracting Russian money could hurt Turkey in the long-term.”
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