A demonstration flight over Istanbul's Hagia Sophia in Istanbul last month. Ankara’s rhetoric-action divergence is something of a pattern. AFP
A demonstration flight over Istanbul's Hagia Sophia in Istanbul last month. Ankara’s rhetoric-action divergence is something of a pattern. AFP
A demonstration flight over Istanbul's Hagia Sophia in Istanbul last month. Ankara’s rhetoric-action divergence is something of a pattern. AFP
A demonstration flight over Istanbul's Hagia Sophia in Istanbul last month. Ankara’s rhetoric-action divergence is something of a pattern. AFP


Turkey seeks Brics membership, but its western allies shouldn't be worried


  • English
  • Arabic

September 13, 2024

Last week, Turkey’s application to join the Brics grouping set off another round of commentary that the country was indeed “moving away from the West”. For a number of reasons, however, there is less to this latest move than meets the eye.

One reason pertains to the limitations of Brics itself.

The grouping was set up in 2009-10 simply as a co-operation mechanism for the world’s primary “emerging” economies of Brazil, Russia, India, China and South Africa. Of course, there was a political dimension to Brics when it was first set up – it was intended to rival the G7, a bloc of the most advanced economies (and democracies) in the world, led by the US. This year, Brics – increasingly viewed as a platform for countries not considered part of the West – invited Egypt, Ethiopia, Iran, Saudi Arabia and the UAE to become members.

As such, superficially, it is understandable that Turkey’s desire to join Brics was interpreted as another attempt by President Recep Tayyip Erdogan to step away from Ankara’s traditional western allies and Nato. The first problem with this view is that Brics membership is in large part symbolic, albeit with some tangible benefits. Unlike Nato, which binds Turkey by treaty to the collective defence obligations that it has made good on, from Afghanistan to the Korean Peninsula, Ankara is not committed to any such thing by becoming part of Brics.

It’s often been said about Brics that it doesn’t have a clearly defined, or unified, goal. Only some members share a strategic vision to balance American influence around the world, while a few others are either in direct competition, or have strong disagreements, with one another.

Turkish President Recep Tayyip Erdogan during a summit with Ukrainian President Volodymyr Zelenskyy in Kyiv on Wednesday. Ankara is hedging its bets with regard to the Ukraine war. PA
Turkish President Recep Tayyip Erdogan during a summit with Ukrainian President Volodymyr Zelenskyy in Kyiv on Wednesday. Ankara is hedging its bets with regard to the Ukraine war. PA
It is notable that Russia has said that Brics will press pause on its bid to add new members

Even as the group is expanding, equity funds that invest in member countries are reportedly disappearing. After the onset of Russia’s full-scale invasion of Ukraine in 2022, and the subsequent sanctions, companies with Brics equity funds have been aiming to limit their exposure rather than getting deeper into some member markets.

Symbolism is important in geopolitics, of course, but even here things are more ambiguous than they appear.

At a time when Turkey’s trade with Russia is on the decline, it is notable that Moscow – which currently holds the Brics rotating presidency – has said that the grouping will press pause on its bid to add new members. Ankara, meanwhile, has signed a deal with the UK-based Shell corporation to tap the Sakarya gas field that Turkey discovered in the Black Sea, with an aim to increase domestic energy production and export natural gas to Europe.

This deal strikes at Russia’s ability to put pressure on Nato and EU member countries, which is significant. It’s important to remember that major European states, including France, remain heavily dependent on Russian gas – a notable factor restraining the West’s ability to inflict even greater economic pain on Moscow over the Ukraine war.

Ankara’s rhetoric-action divergence is something of a pattern. Mr Erdogan has been less forceful in his language over Russia’s role in the war, but Ankara’s material support to Ukraine from immediately after the invasion made a real difference, notably with the Bayraktar drones. Earlier this year, Turkey started building a factory near Kyiv to manufacture these weapons, one of very few foreign projects to assist indigenous Ukrainian military capacity.

A Brics meeting in Saint Petersburg, Russia, this week. Will Turkey get a seat at the table? AP
A Brics meeting in Saint Petersburg, Russia, this week. Will Turkey get a seat at the table? AP

The same ambivalence applies over Syria, where Turkish and western interests are in direct conflict with each other. The US-led anti-ISIS coalition is partnered with the Syrian Democratic Forces, a Kurdish-led group that Ankara claims is an integral part of the Kurdistan Workers’ Party, the foremost security threat within Turkey and a listed terrorist organisation in most western countries. Today, the SDF controls nearly a third of Syria, protected by American troops. In 2019, Mr Erdogan convinced then US president Donald Trump to cede a part of this territory along Turkey’s border to Turkish troops, and in theory Ankara wants a full US withdrawal.

In private, however, Turkish officials are wary of a US departure because this will effectively eliminate a buffer against Russia. The Syrian government, backed by Russia and Iran, will almost certainly displace the SDF, bringing these forces right up to Turkey’s borders and possibly threatening Ankara’s influence inside Syria. As for the PKK, it might consider reverting to its origins as a proxy for Moscow, which the Turkish government would not want.

It is in this framework of hedging that Turkey has applied to join Brics, assessing any cost to be worthwhile, just to be present in multilateral settings where there are potential benefits.

With Turkey’s economy having tripled in size under the Erdogan-led AKP since 2002, the country has the heft to act independently, rather than automatically follow America’s lead. Yet vulnerabilities remain, such as its exclusion from various western-made weapons systems as well as economic coercion from US sanctions. It is to offset these vulnerabilities – and not to turn away from Nato – that Ankara has looked to diversify its relations.

It is a balancing act similar to that of the latter-phase Ottoman Empire, playing foreign powers off each other to secure its interests and room for manoeuvre, while clearly being enmeshed far more with the West than Russia. There is little new under the Sun.

The biog

Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.

His advice to anyone starting out in business is to have no fear as life is about taking on challenges.

“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.

"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”

Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.

He relaxes by spending time with his family at home, and enjoying his wife’s India cooking. 

The specs

Engine: Turbocharged four-cylinder 2.7-litre

Power: 325hp

Torque: 500Nm

Transmission: 10-speed automatic

Price: From Dh189,700

On sale: now

EU Russia

The EU imports 90 per cent  of the natural gas used to generate electricity, heat homes and supply industry, with Russia supplying almost 40 per cent of EU gas and a quarter of its oil. 

ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
%3Cp%3EAndroid%20Alpha%3C%2Fp%3E%0A%3Cp%3EAndroid%20Beta%3C%2Fp%3E%0A%3Cp%3EAndroid%20Cupcake%3C%2Fp%3E%0A%3Cp%3EAndroid%20Donut%3C%2Fp%3E%0A%3Cp%3EAndroid%20Eclair%3C%2Fp%3E%0A%3Cp%3EAndroid%20Froyo%3C%2Fp%3E%0A%3Cp%3EAndroid%20Gingerbread%3C%2Fp%3E%0A%3Cp%3EAndroid%20Honeycomb%3C%2Fp%3E%0A%3Cp%3EAndroid%20Ice%20Cream%20Sandwich%3C%2Fp%3E%0A%3Cp%3EAndroid%20Jelly%20Bean%3C%2Fp%3E%0A%3Cp%3EAndroid%20KitKat%3C%2Fp%3E%0A%3Cp%3EAndroid%20Lollipop%3C%2Fp%3E%0A%3Cp%3EAndroid%20Marshmallow%3C%2Fp%3E%0A%3Cp%3EAndroid%20Nougat%3C%2Fp%3E%0A%3Cp%3EAndroid%20Oreo%3C%2Fp%3E%0A%3Cp%3EAndroid%20Pie%3C%2Fp%3E%0A%3Cp%3EAndroid%2010%20(Quince%20Tart*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2011%20(Red%20Velvet%20Cake*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2012%20(Snow%20Cone*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2013%20(Tiramisu*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2014%20(Upside%20Down%20Cake*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2015%20(Vanilla%20Ice%20Cream*)%3C%2Fp%3E%0A%3Cp%3E%3Cem%3E*%20internal%20codenames%3C%2Fem%3E%3C%2Fp%3E%0A
MATCH INFO

Uefa Champions League semi-final, first leg

Barcelona v Liverpool, Wednesday, 11pm (UAE).

Second leg

Liverpool v Barcelona, Tuesday, May 7, 11pm

Games on BeIN Sports

The%20Secret%20Kingdom%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Matt%20Drummond%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EAlyla%20Browne%2C%20Alice%20Parkinson%2C%20Sam%20Everingham%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%26nbsp%3B%3C%2Fp%3E%0A
Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

Updated: September 13, 2024, 6:50 AM