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A Capital Outflow

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A record level of capital outflow that equals 1.47 trillion rubles has taken place to the bank accounts outside Russia, in a time period between June and August, according to the Central Bank of Russia. For a comparison, the capital outflow had been recorded as  57 billion rubles in the same time period of 2021 (third quarter), which is 26 times less. For another comparison: the budget revenues for the year 2022 were recorded as 25.02 trillion rubles. This means that roughly 6 percent of all budget revenues of the nation were scooped out of the country by the bourgeoisie, only in the third quarter of the last year. Only then we can add the 543.4 billion and 550.7 billion rubles that are also scooped away in the first and the second quarters, by the “patriotic” bourgeoisie (despite all “sanctions”), who have managed to take out more than 10 percent of the national budget revenues in the last three quarters.

And the outflow did not stop after the third quarter. The Central Bank of Russia has estimated in early December that the Russian citizens had roughly 4.19 trillion rubles (or 66.65 billion USD at that time) in foreign bank accounts, as of November 1st. Also, according to the data released by the Central Bank of Russia on February 13th, the total assets of Russian citizens in foreign bank accounts have summed up to a total of 94.3 billion USD (or about 7 trillion Rubles, that is almost 30 percent of the national budget revenue of 2022). This means that the deposits in foreign bank have more than tripled over the last year. This alone is an enormous capital outflow, and it is just the tip of the iceberg. These data only shows the outflow that the Central Bank has allowed. The account deposits of Russian citizens in foreign banks had reached 0.5 billion USD in January 2022, which have risen to 4.3 billion USD in February. Almost all these transactions have taken place between February 24th and 28th. The outflow has lost its momentum between March and May, since the Central Bank of Russia had imposed harsh restrictions on foreign exchange transactions. And as soon as the banks have relaxed some these restrictions, the outflow spiked again, reaching 48.9 billion USD in the second half of the year, or making up to the 77 percent of the total annual outflow. Even this can be considered as a very modest estimate, since it is not possible to get information from the countries where the outflow has occurred to after the sanctions.

Moreover, the total capital outflow is not only these 70-100 billion USD in foreign banks. The Central Bank had estimated last July, that the total capital outflow in 2022 would be 243 billion USD. This is a record in the last 10 years, with second happening in 2014 after the annexation of Crimea, being 152 billion USD. The total capital outflow between 2012 and 2021 is around 576.5 billion USD. Capital that equals half of that in the previous 10 years, was scooped away in just one year.

Of course, this amount includes that of the foreign companies which sold their assets in Russia or, stakes that Russian companies hold in foreign countries. So, the capital outflow is often not done by carrying huge stacks of cash across the border. But it is done by shifting enormous sums to offshore companies, and that is pretty much like carrying huge bags of cash.

So, this enormous capital outflow can take place in every means and there are not much obstacles to doing this. According to the Head of the Russian Central Bank Elvira Nabiullina, who has spoken around the end of the year, saying “This is not a matter of concern for us in the current situation. We do not consider it necessary to take any special measures in this connection. “, and adding that “As confidence in macroeconomic stability, price stability strengthens, these funds will return to the Russian banking system, to rubles.”

I get goosebumps as soon as I hear “macroeconomic stability”

Another important statement from the Central Bank was that “import substitutions have been reduced to the cost of standard of living”. So, almost 400 billion USD  in assets have been frozen in western banks, there has been a capital outflows close to 250 billion USD this year, but it is import substitutions were lowered to the cost of standard of living. And this statement was made right after the announcement by the US government that American companies would be 152 billion USD of subsidies in microchip production.

One of the most prominent economists in Russia Mikhail Khazin, posted an article on Telegram that “he had initially written for a media outlet, but he did not manage to get it published”, in which Glazyev immediately posted. He claimed that the Russian “fiscal bloc” (the Ministry of Finance and the Central Bank) were still represented by the liberal elite, who still wanted Russia to remain in the “necessary liberal” international community. He says, they must meet the basic requirements of the “Washington Consensus” to achieve this. Two of these requirements would be: “Prohibiting all Ruble investments and motivating further capital outflow”. And the second would be maintaining the liquidity of the global dollarization over the nation’s own interests”. Khazin explains the recent capital outflow that broke records in the first three quarters of 2022, with these theses.

And the relationship between economics and politics gets even more evident at this point, while Khazin considers this stance of the “fiscal bloc” as high treason.

Taxation Of The Grand Bourgeoisie

Putin’s speech at the Eastern Economic Forum in early September was of great programmatic importance. I have evaluated his speech under “9 crucial points” back then. And on the eighth point, I stated:

“The Kremlin keeps stressing that they have used and will continue to use ‘the market mechanisms and instruments’ to seize the ‘excess profit’ of the grand bourgeoisie. This could shows that the grand bourgeoisie has not succeeded in its lobbying efforts together with the ‘fiscal bloc”.

In his speech, Putin has described these market instruments as follows:

“These will be market instruments that are known by all: it can either be customs clearance or recovery of the excess profit in some other ways”.

The target of these words was neither the petty bourgeoisie that emerged after the crisis, nor the new middle bourgeoisie that has now started to flourish after the disqualification of the Navalniyite middle bourgeoisie after February 24th. They too, managed to accumulate an “excessive profit”, and are still accumulating, but the real target was the grand bourgeoisie, which were mainly active in the fields of telecommunications, mining industries and finances, and clearly reeked of a dangerous threat (even if Putin had given a guarantee of “private property” at the same time).

Despite Putin’s programmatic speech, the aforementioned issue has not come up for a long time. Finally, on February 15th, around four and a half months after the announcement of the program, the Deputy Finance Minister Alexey Sazanov has announced that “started working” on two resolutions on this agenda: A voluntary payment, or a kind of involuntary taxation.

Why did it take so long or why did this even come up in the end? The answer to the first question is: We would not expect the grand bourgeoisie to not resist the taxation of excess profit, imposed by the Kremlin. Moreover, the economic situation was relatively stable from the beginning of September and until December when sanctions on crude oil exports were imposed, so back then the first shock was absorbed, and the nation has turned from the brink of total collapse. This may be an exaggerated rhetoric, but definitely not a false one. The Deputy Prime Minister Andrei Belousov has clearly stated that “the economy is at risk of collapse” on December 27th when in describing the situation in March, and that he “thinks that the economy is about to go completely out of control”. Meanwhile Belousov has addressed the Ministry of Transport, Ministry of Industry and Trade and the Central Bank of Russia when crediting those who managed to reverse this doomsday scenario, but did not mention anything about the Ministry of Finance. Therefore, the resistance by the grand bourgeoisie must have gained more momentum in such atmosphere of a relative satisfaction.

And the answer to the second question is: The “fiscal bloc” had to stop further hindering this program, since the problem of financing the government budget, which is caused by a massive decline in the natural gas and oil revenues due to sanctions and the sabotage of Nord Stream 2 pipeline, keeps threatening to destroy the Russian economy.

The Finance Minister Siluanov spoke only two days after Sazanov and stated that he expects “industry giants” to make a “voluntary contribution” of 300 billion rubles to the government budget in return for their excessive profits in 2021 and 2022. Such funds would not cover the expected budget deficit since the budget deficit in 2023 is the expected to be around 2.9 trillion rubles (which is 2 percent of the GDP), and can reach 5 trillion rubles due to the large decrease in oil and gas revenues that occurred as a result of the sanctions. We can understand that the Ministry has alleviated the taxes on grand bourgeoisie to an enormous scale, and has reduced it to around 10 percent of the expected budget deficit even with the most optimistic estimations. But even this was not enough, so the minister tried to make it a “voluntary action”. Moreover, the ministry must have negotiated with some these “industry giants” and tried to get their consent, that is because according to Siluanov: “These industry giants are ready to share some of their profit, with the state”. And on top of that, Siluanov also announced the good news that oil and gas companies would not be charged an additional tax over their profits over these past years.

There seems to be a mismatch between the words of the minister and his deputy; While the deputy minister speaks of two resolutions, there is only one solution according to the minister. While his deputy also points out the hard way, the minister states that there is already an understanding with the grand bourgeoisie on this issue.

However the grand bourgeoisie does not seem convinced these days. Head of the Russian Union of Industrialists and Entrepreneurs Aleksandr Shokhin, has made it clear that voluntary action would not work out. But this was not as if “there could not be a thing called voluntary tax, we should force it properly”, but rather something like “there cannot be a tax on excess profits, since things like private property and the free market are untouchable, we should instead reduce taxes so that the free market can invest even freer and the concept of big government is nonsense anyways” etc.

An Involuntary Volunteerism

On the exact same day that Siluanov has made the voluntary tax announcement, the Kremlin press secretary Dmitry Peskov was asked about this issue at a press briefing. Peskov noted that talks are still ongoing, while similar practices are very common all over the world, and that the government is in a constant contact with representatives of large businesses on this issue, while adding: “The key word is voluntary, but, of course, the interaction between the country’s leadership and business, and the government and the business sector, is a two-way street. Therefore, of course, it is necessary that both sides, although we are all on the same side nonetheless, were clearly aware of the realities that we live in today and the needs the country has”.

That was regarded as a very diplomatic response, and although it did not imply a direct challenge to the grand bourgeoisie, which he had comforted with his message of cooperation, the warning or some may even say the threat, was clear enough. The Kremlin as it is the rational thought, has no doubt that the grand bourgeoisie will not show any voluntary willingness, therefore the formula of involuntary volunteerism must have seemed more practical. The force may bare more fruits, and with the threat of enforcing it, some giant industries may volunteer to contribute and receive a reward in the form of a state decoration, but the division of labor between those who can afford it and those who cannot is such that the Kremlin will not hesitate to introduce some new ways of encouraging volunteerism, in order to overcome the foolishness (that word can be used conditionally), of the “fiscal bloc”.

However, the “fiscal bloc” will not hesitate to look for ways to minimize the profit losses of the grand bourgeoisie. As a matter of fact, the first major move came on the exact same day, from the bloc’s one significant part, the Central Bank. Not only did the Central Bank back the Ministry’s volunteerism plan, it also proposed to cancel the debts of these companies to the government banks in return for the “voluntary contributions” of this class, that totals 300 billion Rubles (according to the report of Banksta, one of the closest affiliated outlets of the grand bourgeoisie).

This is a marvelous bribery! Let us first cancel all short, medium and long term loans, then you can “donate” us, and let us call this volunteering.

The central bank’s call for peace was quick to earn Deripaska’s approval. The owner of RUSAL wrote: “This would be a balanced decision, if not the ideal”.

The “conflicting alliance” continues, as the existence of this alliance does not stop the conflict. The Kremlin will continue its involuntary volunteerism imposition, but it can accept to cancel some of the long-term loans, while it could be a little bit difficult to cancel medium-term loans, and it will surely reject to cancel short-term loans. While it is certain that the problem cannot be solved with such negotiations, while the Kremlin will continue to go for the grand bourgeoisie to finance the government budget, the fiscal bloc will continue its efforts to fend it off, as oil and gas revenues fall rock bottom.

***

There have been two new developments confirming what I have claimed, after I have written them. So, it impossible to end this article without mentioning about them briefly.

First, Putin’s programmatic speech on February 22nd, included the announcement that they would not back down on taxation, despite the pressures from the bourgeoisie and the “fiscal bloc” (he openly admitted “things are tough”). Despite the insistence and the determination of the “fiscal bloc”, the cancellation of long-term loans was largely off the agenda after this speech.

The second is the statements made by Alexander Shokhin, the same day that of Putin’s speech. Shokhin said, they had reached an agreement with the government for a one-time “windfall tax”. The fact that this is defined as a tax, and not as a voluntary contribution, clearly shows the Kremlin’s dedication. And for Shohin, there is only one question that remains: That is how to estimate these “excess profits”.

Opinion

Istanbul’s East-West Forum: A conversation the world can no longer avoid

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Dr. Ahmed Moustafa, Director & Founder, Asia Center for Studies & Translation, Egypt

In a city that has spent centuries translating the language of one civilization to another, the first East-West Forum arrived at a moment when the world itself seemed to have lost the vocabulary for talking across its divisions.

Held in Istanbul on Sept. 26–27 and preceded by meetings around the event, the forum brought together diplomats, academics, journalists, strategists and political thinkers from a wide range of countries. Hosted by Harici Media in partnership with the Berlin-based European Transcontinental Initiative, the gathering was conceived as an attempt to examine a world increasingly defined by competing power centers, regional wars, economic fragmentation, artificial intelligence and the erosion of confidence in institutions created after the Second World War. Harici reported that participants came from roughly 30 countries.

For us, the significance of Istanbul was not simply a matter of the speakers on the panel or the structure of the programme. Its deeper importance lay in the willingness to put difficult — and sometimes uncomfortable — questions on the table.

We would like to extend our sincere thanks and appreciation to my friend and brother, Mr. Tunç Akkoç, Founder and Editor-in-Chief of Harici Media, for his gracious invitation to a representative of the Asia Center for Studies & Translation, Egypt, to participate in the Forum as a speaker and commentator. His initiative in creating a platform where competing geopolitical narratives could meet directly deserves recognition.

In his opening remarks, Akkos stressed that the initiative was intended to establish a permanent platform where people representing different political and intellectual traditions and perspectives could meet and engage in direct dialogue.

This vision is particularly significant because the traditional language used in international relations has increasingly struggled to explain the realities of a rapidly changing world.

The Problem of Proxy Wars

During the session that discussed proxy wars in the region and ways to reach solutions to their crises, the Center put forward the view that the Middle East cannot simply be understood through the traditional map that divides the parties into “good” and “evil,” or into “responsible states” and “rogue states.”

Such terms, in our assessment, often reflect the perspective of powers that possess extensive influence over international media and financial and security institutions.

The Center particularly criticised what we see as political bias within important sectors of the Western media and some non-governmental organisations that receive Western funding. From our perspective, these institutions can, in some cases, move from being mere observers of geopolitical conflicts to becoming influential parties in the battle over the narrative and the story.

However, this view should remain open to debate and should not automatically be accepted as an absolute truth.

The more important question is not whether every Western journalist, every NGO, or every Western institution works to serve a single geopolitical agenda clearly, this is not the case, but whether the information environment itself has become so highly polarised that the public is now receiving radically different interpretations of the very same war.

In our assessment, the answer is increasingly approaching “yes.”

The problem becomes particularly clear when searching for the term “proxy wars” in the Middle East. Some of the first results focus on groups associated with Iran, including Hezbollah and the Houthis, as well as Hamas, whereas the history of regional conflicts is far more complex.

Al-Qaeda and ISIS emerged through different historical trajectories, with Anglo-Saxon support that was “created by Britain and the United States.” In environments dominated by the United States and Britain, Al-Qaeda emerged from the environment associated with Osama bin Laden and the Afghan jihad, while ISIS developed largely from Al-Qaeda in Iraq, under American sponsorship, to pursue a certain agenda in the region and advance the scenario of “creative chaos” promoted by Condoleezza Rice, the radical US Secretary of State.

At the same time, US policy toward Afghanistan during the Cold War contributed to shaping the broader environment from which some militant jihadist movements later emerged.

These distinctions matter.

Because propaganda often begins where complex historical details end.

Who Has the Right to Define a “Rogue State”?

The same problem appears in the vocabulary used to describe states.

Countries such as China, Russia, Iran and North Korea are frequently portrayed in Western strategic discourse as states challenging the existing international order.

Egypt, despite the different nature of its relationship with Washington, can also become the subject of criticism when its foreign policy does not conform to certain Western expectations.

The question is not whether these governments should be exempt from criticism. Of course not.

The deeper question is this: can the international system remain sustainable when one geopolitical camp increasingly assumes the authority to define which governments are legitimate, which movements are terrorist, which wars are defensive and which forms of resistance are acceptable?

That was one of the central questions behind our intervention in Istanbul.

The Middle East has repeatedly been presented through the lens of the “Iranian threat” as the principal strategic danger.

There is no question that Iran possesses significant military and regional capabilities, and that its policies are deeply contested by many neighbouring states. At the same time, reducing virtually every regional security problem to Tehran can obscure the interests and roles of other actors, including Israel, the United States, Gulf states, armed groups and local political forces.

The region has repeatedly paid a heavy price for simplistic interpretations of complex conflicts.

The Economics of Fear

The discussions in Istanbul also led us to a broader American question: to what extent can fear itself become a source of political and economic power?

Historically, the United States has experienced intense political campaigns shaped by perceived racial, ideological and security threats.

One does not need to accept every interpretation of this history to recognise that fear can become a factor with tangible economic consequences.

A 2020 study by Citi estimated that racial discrimination against Black Americans had cost the US economy approximately $16 trillion in lost economic output since 2000, based on an analysis of disparities in wages, education, housing and investment.

This figure demonstrates the extent of the economic losses associated with racial discrimination and exclusion. It also raises questions about the relationship between fear-based narratives concerning Black Americans, media influence, the political power of the gun lobby and the broader economic consequences of insecurity.

More importantly, however, the study highlights a fundamental point: bias and insecurity carry substantial and measurable economic costs.

The broader lesson has direct relevance to foreign policy.

When societies are continually presented with existential enemies, military spending and the expansion of security institutions become politically easier to justify.

America After Iran

In Istanbul, we also advanced the view that the United States after its confrontation with Iran in 2026 should not simply be understood through the traditional image of unlimited American power.

The conflict exposed economic and strategic vulnerabilities.

The Strait of Hormuz emerged as a major strategic pressure point for global energy markets, amid disruptions to international trade that forced governments and companies to search for alternative routes and supplies.

The consequences were reflected in oil prices and energy costs in Europe and elsewhere.

This does not mean that American power has disappeared. Rather, it suggests that military power is no longer synonymous with strategic control.

The rise of China, Russia, ASEAN, Iran and other centres of economic and diplomatic influence has made the international order increasingly complex and dispersed.

The East-West Forum itself reflected this reality, bringing together voices from Europe, Asia, the Middle East and North America while explicitly addressing multipolarity and the ongoing transformation of the global order.

America Is Changing From Within

The domestic dimension of American politics also deserves attention.

The emergence of figures such as Zohran Mamdani in New York and Abdul El-Sayed in Michigan reflects changes in the American political debate over inequality, foreign policy, healthcare, identity and the influence of established political and economic interests.

Their political trajectories should not be treated as evidence of a predetermined future for the United States.

They do, however, illustrate how issues that were once treated as peripheral including the costs of war, US policy toward Israel, economic inequality and the political influence of younger and more diverse generations have moved closer to the centre of American political debate.

This is another reason why East-West dialogue cannot remain confined to foreign ministries and military institutions.

A Dinner for Dialogue

One of the most memorable moments on the margins of the Forum was the private dinner held on the evening of Friday, September 25, hosted by H.E. Mr. Hasan Capan, Chairman of the Turkish-Chinese Friendship Foundation, and H.E. Ambassador Ersin Erçin, Vice Chairman of the Foundation, in honour of the speakers and participants.

We extend our sincere thanks and appreciation to both of them for their generosity, friendship and support.

The gathering was more than simply a dinner. It provided an opportunity for personal interaction, an exchange of ideas and the building of relationships among participants — precisely the kind of human diplomacy that formal conferences sometimes lack.

Real dialogue does not always begin behind conference podiums.

Very often, it begins around a single table.

Istanbul’s Larger Message

The first East-West Forum should be regarded as the beginning of a dialogue, not the end of a debate.

The organisers have already articulated a vision of transforming the initiative into an annual gathering in Istanbul, developing expert working groups, establishing an East-West Forum network and potentially creating a business council capable of connecting intellectual dialogue with economic cooperation.

This may ultimately prove to be one of its most important contributions.

The world that emerges from the current conflicts including the crisis surrounding the Strait of Hormuz will require more than ceasefire agreements.

It will require a new conversation about security, energy, sovereignty, development, technology and coexistence.

Istanbul is an exceptional setting for such a dialogue. One participant even proposed moving the headquarters of international organisations, including the United Nations, to Istanbul.

For centuries, the city has stood between two continents without belonging exclusively to either.

The East-West Forum can follow the same principle: not choosing one civilisation against another, but creating a space in which East and West can confront their differences without turning disagreement into permanent conflict.

For this reason, we see the Istanbul gathering as an announcement of intent.

It was not an attempt to erase differences.

It was an attempt to make dialogue possible despite them.

At a time when proxy conflicts increasingly risk evolving into direct confrontations, this may be among the most important political conversations the world can undertake today.

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A new world in the East, old dogmas in the West

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Much commentary followed the US president greeting the visiting Chinese leader at the foot of the aircraft stairs: both because a US president had not done so in many years, and because the leader he welcomed heads a state that the US defines as a competitor, an adversary, and an enemy. That photograph demonstrated that the US itself now recognizes China not merely as an economic power, but as a political, military, scientific, industrial, and technological one; yet it revealed other realities as well.

It showed that a multipolar order has arrived. It showed that the failure of the US to abide by the order whose rules it laid down and whose institutions it established has exacted a heavy toll on the US itself. It showed that the US-centric Atlantic system is unravelling. It showed that the collapse of a world order flouted, and indeed subverted, by its own rule-maker is both legitimate and inevitable. It showed that East-centred institutions, such as the Shanghai Cooperation Organisation and BRICS, enjoy an open path against Western-dominated bodies. It showed that the US regards China as a rival not merely economically, but ideologically and technologically. It showed that the US has proven unable to exercise deterrence against China, Russia, and Iran to the degree it desires.

Let us admit it: after the Cold War ended, the US assumed it could act as it pleased by bringing the European Union to its side and constantly invoking human rights, democracy, and freedom. It was mistaken. The more it spoke of a rules-based world order, of a liberal world order, the more it flouted those very rules. In the end, that order collapsed as well. The birth of a multipolar, multilateral, and multicentric world accelerated; and it was just as well. Now is the time to debate the rules, institutions, traditions, and solutions of this new order.

Yet who will conduct this debate? Who will take part in this search?

It is not right to expect this from the US; nor is it realistic. It is likewise impossible to expect it from the European Union. Europeans follow so subserviently in Washington’s wake that they refuse to consider even Russia as European, despite the fact that, alongside its Eurasian identity, millions of its citizens live across territory spanning Europe and Asia while viewing their nation as historically, politically, socially, culturally, artistically, and intellectually European. They attempt to construct a European defence and security architecture by excluding Russia, in defiance of Russia, and by harbouring hostility toward Russia. In the end, they are both mistaken and defeated.

As the new order emerges, India must also be examined under a distinct heading, alongside China and Russia. For India is a nuclear power possessing the world’s largest population and its 5th largest economy. It maintains disputes with China and Pakistan, yet enjoys good relations with Russia, the US, and Britain. It is a member of both the SCO and BRICS. On the other hand, within the Quad grouping, alongside the US, Japan, and Australia, it positions itself against China.

In summary, as an order takes shape in which the West runs out of breath while the East rises, and Atlantic institutions dissolve while those of Eurasia and the broader Global South come to the fore, we must first rid ourselves of Cold War dogmas and habits.

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Neither Turkic states heed us, nor does anyone ask us on Syria

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At the NATO summit held in Ankara last month, US President Donald Trump made promising remarks to Türkiye regarding the lifting of CAATSA sanctions, clearing the path for the sale of F-35 fighter jets to Türkiye, and supplying the engines required for the domestic Kaan aircraft. He has yet to keep his word.

This is quintessential Trump. He is neither a reliable nor a predictable leader. He approaches diplomacy like a merchant. In bargaining, he opens with the highest possible bid. Rather than institutional consultations, negotiations, formal diplomatic channels, and classical statecraft, he favours personal ties, bilateral encounters, and leader-to-leader diplomacy. He is notoriously erratic. A figure he praises one day, he drags through the mud the next, humiliating, scolding, and even insulting them.

US moves in the Mediterranean

Failing to honour the promises made to Türkiye, the US eased and partially lifted the arms embargo it had enforced on the Greek Cypriot Administration (GCA) since 1987 in 2020, before abolishing it entirely in 2022. Not content with this, the US signed a military cooperation agreement with the GCA in 2024 and hosted its leader at the White House. The GCA, whose path to acquiring weaponry from the US was cleared in 2024, has also recently been deepening its relations with France. Even though two British sovereign bases already exist in the southern part of Cyprus, with the US utilizing them whenever necessary, both the US and France signed separate basing agreements with the GCA. The GCA’s relations with Israel are also remarkably sound, as are those with Qatar. Meanwhile, relations between Greece and France have been exceptionally warm in recent years.

Amid all these tangible developments, Türkiye has largely relinquished its vigilance regarding the Blue Homeland. Drilling vessels and seismic survey ships have been withdrawn from the eastern Mediterranean.

The most distressing of these developments has been that four Turkic states in Central Asia (Kazakhstan, Uzbekistan, Turkmenistan, and Kyrgyzstan), none of which officially recognize the Turkish Republic of Northern Cyprus (TRNC) as a state, expanded their ties with the GCA and opened embassies in exchange for European Union financial assistance. Through this recognition, by acknowledging the Greek Cypriot Administration as the sole representative of the entire island under the name of the Republic of Cyprus, they effectively rejected the existence of the TRNC, whatever they might claim to the contrary.

Whatever anyone may say, and from whichever angle one evaluates it, the conduct of these four friendly and brotherly states cannot be explained merely by their lack of loyalty or their disregard for Türkiye’s sensitivities on this matter. Alongside this, one must acknowledge the failure of Turkish foreign policy. If Türkiye cannot convince even fellow Turkic states, let alone others, on an issue where its position is most legitimate and justified, such as Cyprus; if, far from persuading them, it cannot prevent them from cultivating relations with the GCA and opening embassies, this represents a monumental failure on the part of Turkish foreign policy.

Moreover, the failure in the Mediterranean is not confined to Cyprus. There is more.

Who is sidelining Türkiye in Syria?

Türkiye is persistently excluded from European-organized meetings on Syria. Türkiye’s views are not sought. So much so that even Qatar, our closest ally in the Arab world, on whose soil we established a military base and to whom we sold major assets, does not hesitate to take part in initiatives that exclude Türkiye from energy projects in the Eastern Mediterranean, or to cooperate with Greece and the Greek Cypriot Administration.

Much has changed in Syria since the days when Ahmet Davutoğlu, former prime minister, former foreign minister, former AKP chairman, and leader of the now-dissolved Future Party, carried away by his own momentum, declared: “Not a bird can fly in the Middle East without our knowledge”, “We know the Middle East street by street, inch by inch”, and “We are the masters, pioneers, and spokesmen of the emerging Middle East”, all while eagerly seeking to act as a subcontractor on behalf of the US. The regime has changed. The government has changed.

So let us ask: did we get what we wanted?

Israel, which most recently struck Abu al-Duhur Military Airbase east of Idlib in northern Syria; Israel, a backer of the PKK-PYD-YPG terrorist organization; Israel, which usurped Syrian land in the Golan Heights, attacking Syria and rolling in its tanks whenever it pleases; Israel, which seeks to partition Syria into four entities (Kurdish, Alawite, Arab, and Druze): Israel got what it wanted. And it continues to do so.

Does Israel, which directs scathing rhetoric at Türkiye, fortified by immense US backing and sustained by Europe’s three major powers (Germany, Britain, and France), draw this audacity solely from the imperialist powers standing behind it? Or does Türkiye’s inefficacy in the Turkic world and across the Arab sphere, alongside that backing, also embolden Israel?

In answering this question, we will arrive at a far more accurate assessment if we take into account the depth of Israel’s relations with Azerbaijan.

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