Opinion
A Capital Outflow
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
Ankara’s Second Summit: Twenty-Two Years On, NATO Returns to a Türkiye That Has Changed the Rules
Dr. Ahmed Moustafa Director & Founder, Asia Center for Studies & Translation, Egypt
Twenty-two years after Istanbul hosted NATO’s leaders in 2004, the Alliance has returned to Turkish soil, this time to the Beştepe Presidential Complex in Ankara, for a summit that arrives not as ceremony but as reckoning. The 36th NATO Summit, convened July 7–8, unfolds against a backdrop few of its architects in 2004 could have imagined: a Ukraine war grinding into its fifth year, a Middle East still smoldering from a direct US-Israel war with Iran, an American president openly questioning the value of the Alliance he is attending, and a host nation, Türkiye, that has quietly become indispensable to almost every crisis on NATO’s agenda.
Türkiye’s Moment: From Junior Partner to Power Broker
Hosting a NATO summit has always been a statement of strategic weight. But Ankara 2026 is different in kind. Türkiye arrives not merely as host but as leverage. Its defense-industrial base — anchored by companies like ASELSAN, which has attracted reported interest from global capital including BlackRock, with US Ambassador Tom Barrack said to be facilitating contacts and BlackRock’s Larry Fink having met President Erdoğan earlier this year — has positioned Türkiye as a rising node in NATO’s push for defense-industrial self-sufficiency. The Ankara Summit’s dedicated Defence Industry Forum, held alongside the political summit, underscores this: Türkiye is no longer simply a NATO member on the alliance’s southeastern flank but a manufacturing and innovation hub the Alliance now needs.
This is Erdoğan’s leverage point. As European allies scramble to meet the 5% GDP defense-spending pledge agreed last year, with 3.5% earmarked for core defense and 1.5% for resilience and infrastructure, Türkiye has positioned Ankara as a “delivery checkpoint” — a moment to translate commitments into contracts, and contracts into Turkish industrial gain. Analysts covering the summit have openly asked whether the gathering represents collective security or, in effect, the largest commercial handshake in Turkish defense history.
The Russia-China Question: Hedging in Plain Sight
Türkiye’s balancing act is not new, but it has rarely been more visible. Even as Ankara hosts NATO’s leaders, Foreign Minister Hakan Fidan met his Russian counterpart in Moscow only weeks earlier, part of a pattern of parallel engagement that Ankara has never fully abandoned since the Ukraine war began. Türkiye continues to occupy a unique lane inside NATO: a member state that supplies Kyiv with Bayraktar drones while keeping Black Sea diplomatic channels to Moscow open, and one that has deepened economic and energy ties with both Russia and China without triggering the kind of alliance discipline applied to smaller members. For Ankara, NATO membership and multi-alignment with Moscow and Beijing are not contradictions to be resolved but assets to be managed simultaneously — a posture that gives Turkish diplomats outsized room to maneuver at exactly the summit meant to reaffirm collective unity.
Ukraine: Sustaining a War Without an End
The degraded state of the Ukraine war looms over every session in Ankara. NATO is expected to affirm a pledge of roughly €70 billion in military equipment, assistance, and training for Ukraine in 2026, with allies committing to sustain at least equivalent levels into 2027. Yet the summit convenes amid reports that Italy has been resisting parts of the Ukraine funding language in the draft communiqué, exposing cracks in what NATO officials insist remains a “unity summit.” President Trump is scheduled to meet Ukrainian President Volodymyr Zelenskyy on the sidelines, following recent phone calls in which Trump suggested renewed prospects for a negotiated peace — even as fighting continues largely unabated and Zelenskyy has publicly flagged what he considers European inaction.
Ankara’s Trade-Off Amid the US-NATO Rift Over Iran
The most consequential subtext of this summit may be the still-raw rupture between Washington and its allies over the Strait of Hormuz. Since the US-Israel war against Iran erupted in late February — triggered by the killing of Supreme Leader Ali Khamenei — Iran’s closure and periodic re-closure of Hormuz has convulsed global energy markets. When Trump called on NATO, China, Japan and South Korea to help secure the strait militarily in March, every ally declined; Germany’s defense minister flatly stated it was not Europe’s war. Trump responded by calling NATO’s refusal a “very foolish mistake” and describing the Alliance, without American backing, as a “paper tiger.”
That rift has not healed; it has merely gone quiet enough to allow a summit to proceed. A ceasefire and blockade-lifting memorandum signed in June eased the crisis, but Iran has since signaled it will impose transit fees on Hormuz shipping, with “special treatment” reportedly reserved for friendlier states — a policy Washington rejects as unworkable for any lasting deal. Strait security is now formally on this week’s NATO agenda, even though the underlying disagreement over burden-sharing on Iran was never resolved, only overtaken by events. This is the trade-off Turkish politicians are positioned to exploit: Ankara can offer itself as an indispensable interlocutor — bridging Washington’s frustration with European reluctance — while extracting defense-procurement access and diplomatic capital in return, precisely the kind of transactional leverage Erdoğan has cultivated throughout the crisis.
The Middle East Overhang: Syria, Lebanon, and a Widening Israel Rift
Türkiye’s regional posture will shape the summit’s Middle East undertone as much as any formal session. President Trump is set to hold a separate bilateral meeting in Ankara with Syrian President Ahmed al-Sharaa, the former rebel commander now leading Damascus. The meeting follows Trump’s repeated suggestion — first floated at the G7 — that Syrian forces could take on Hezbollah in Lebanon more effectively than Israel, a proposal al-Sharaa has consistently declined, insisting Damascus seeks only economic channels with Beirut, not a military role reminiscent of Syria’s decades-long occupation of Lebanon. The subtext is unmistakable: Washington is testing whether it can redirect regional security burdens away from an Israeli campaign in Lebanon that has produced significant civilian casualties, toward a Syrian government still consolidating power after Assad’s fall — a maneuver that would simultaneously ease pressure on Israel and open a new channel of US engagement with post-Assad Syria, independent of Iran.
Layered atop this is an open diplomatic rupture between Ankara and Jerusalem. Foreign Minister Hakan Fidan, in a CNN Türk interview days before the summit, described Israel’s policies and mindset as “a burden that humanity can no longer bear” and called for international sanctions, accusing Israel of perpetrating mass killing in Gaza. Israeli Foreign Minister Gideon Sa’ar branded the remarks “textbook incitement to genocide,” a charge Germany’s foreign minister also distanced himself from as unacceptable rhetoric, while President Isaac Herzog denounced the comments as antisemitic. Erdoğan, for his part, dismissed Israeli criticism as an attempt to deflect from its own conduct in Gaza. That this exchange erupted just as NATO’s Israeli-aligned members prepare to sit alongside Türkiye’s delegation adds a genuinely awkward undercurrent to an Alliance summit ostensibly focused on Russia and defense spending — and gives Ankara another card to play: positioning itself as the Muslim world’s most vocal NATO-member critic of Israel, a role with real currency across the Arab and Islamic world even as it strains Türkiye’s Western alliances.
The Palestinian Case and Arab Coordination
For Cairo, Islamabad, Doha, and Riyadh, the Ankara summit is being watched less for its Ukraine communiqué than for what it signals about regional alignment on Gaza and the Palestinian file. Egypt, Qatar, Pakistan, and Saudi Arabia have each played mediating or coordinating roles throughout the Iran crisis and its regional spillover — Islamabad brokered ceasefire talks during the Hormuz confrontation, while Qatar helped facilitate a Lebanon ceasefire alongside the United States and Iran. That same quartet’s coordination on Gaza reconstruction, Palestinian statehood diplomacy, and pressure against further escalation in Lebanon is likely to intensify in the summit’s aftermath, particularly if Fidan’s confrontational posture toward Israel hardens into a broader Turkish push to rally Muslim-majority states — inside and outside NATO — around a unified Palestinian position. Whether Ankara’s rhetoric translates into coordinated Arab-Turkish diplomatic action, or remains a unilateral Turkish gesture aimed at domestic and regional audiences, will be one of the more consequential open questions to emerge from a summit meant, on paper, to be about Russia and the Atlantic alliance — and that has become, in practice, a referendum on how far Türkiye’s ambitions now extend.
This analysis draws on reporting from NATO’s official summit documentation, Reuters, the Congressional Research Service, The National, The Jerusalem Post, Al Arabiya, and other outlets covering the Ankara Summit as of July 7, 2026.
Opinion
The Story Left Untold in the Summit Hall: The True Price of NATO Membership
As NATO leaders gather in Ankara on July 7–8 for the 36th summit, the official narrative remains undisputed: facing the threat of Soviet invasion, Türkiye entered the alliance through its heroic trial in Korea, thereby securing its safety. My study of more than one thousand documents from the Diplomatic Archive of the Ministry of Foreign Affairs of the Republic of Türkiye—recently opened to researchers—reveals that neither of the two primary pillars supporting this narrative rests on a documentary foundation. First: now-accessible Soviet archives reveal that Moscow never possessed an operational plan to invade Türkiye. Second: Türkiye did not enter NATO by taking refuge under a security umbrella, but by staking the blood of its own sons in the United States’ war in the Far East. And the heaviest, most enduring toll of this bargain was levied on a relationship that Ankara needs most today: China.

UN Turkish Memorial Cemetery, Busan
There Was No Invasion Plan: There Was Fear, Error, and Opportunism
First, let us correct the record on the Soviet question. The demands conveyed by Molotov to Ambassador Selim Sarper in June 1945—a military base on the Straits, and the retrocession of Kars and Ardahan—were real, and they represented a historic blunder of Soviet diplomacy; there is no defending them. Yet, the Soviet archives opened after 1990, along with Jamil Hasanli’s archival reconstructions in Azerbaijan, document a critical truth: Moscow never drafted an operational plan to seize Kars and Ardahan; the 1945 demands were a maximalist opening gambit, one which even the Kremlin itself saw little prospect of being accepted. Stalin’s retreat during the Straits Crisis of August 1946 was likewise the product of cautious calculation rather than military intent. These same archives reveal how reluctant Stalin was even in Korea: he systematically rejected Kim Il-sung’s requests to launch an attack throughout 1949, and when he finally gave his approval in January 1950, he did so on the strict condition that no major risks would be taken.
Ankara’s fear was genuine—a fear that had accumulated since the Molotov-Ribbentrop negotiations of 1939 and can be consistently traced through archival documents; to claim that the public was deceived by a manufactured threat narrative would be a disservice to the historical record. But the sincerity of that fear does not mean the response to it was wise. Washington turned the anxiety spawned by this egregious Soviet diplomatic error into the mortar for its own bloc architecture: it excluded Türkiye from NATO in 1949, and then set the price for cracking open the door. That price was Korea.

UN Turkish Memorial Cemetery, Busan

An Entrance Fee Paid in Blood
The archives document beyond a shadow of doubt that the Korean decision was not an act of UN idealism, but a clear trade-off. Bound by no treaty obligations, Ankara decided on July 22, 1950—after deliberations lasting less than a single day—to dispatch a brigade of 4,500 troops to the front under US command. Six days later, UN Permanent Representative Sarper publicly voiced the demand for entry into the Atlantic Pact; the minutes of his meeting with Secretary-General Trygve Lie explicitly articulate this expectation of reciprocity. As the documents demonstrate, the structural decision to admit Türkiye into the Atlantic system was effectively communicated to Ankara on November 1, 1950—that is, before the Battle of Kunu-ri, but well after Turkish blood had been placed on the bargaining table. The Turkish soldier—the Mehmetçik—was made to fight against the forces of a nation that posed no threat to Türkiye, on a peninsula where Türkiye had no national interests, all for the bloc consolidation of a superpower. To call this a success story is to write a panegyric not to those who shed their blood, but to those who sent them to shed it.
The Core of the Cost: China
The least discussed and most permanent consequence of this trade-off is the rupture with China—and herein lies the true tragedy of the story. For the two peoples pitted against one another were the standard-bearers of the twentieth century’s two great anti-imperialist struggles. As my own research demonstrates, the Chinese press of the 1920s and 30s—most notably the Shenbao—closely followed Mustafa Kemal’s Türkiye as the birthplace of the first victorious war of national liberation against imperialism, viewing Kemalist modernization as a source of inspiration for their own national awakening. A quarter of a century later, the children of these two peoples were firing bullets at each other at Kunu-ri and Kumyangjang-ni—on a front drawn by Washington that served the historical interests of neither.
Ankara’s anti-China engagement was not confined to the battlefield. While Britain recognized the People’s Republic of China in January 1950, Türkiye remained anchored in the American-led non-recognition camp. In February 1951, Türkiye was at the forefront of supporting the UN resolution declaring China an “aggressor”; in an environment where even Britain and the Dominions sought moderating formulas, Ankara aligned itself with the harshest stance, driven by a reflex—plainly legible in archival correspondence—to “appear on the side of the majority.” When a strategic embargo was being prepared against China in May 1951, Türkiye chaired the relevant committee. Even the “Chinese Ambassador” whom Foreign Minister Köprülü received in Ankara on the final day of December 1950 represented Taipei, not Beijing. The result: while bridges were burned with Soviet Russia, which had been among the first to extend a hand of friendship to Ankara during the War of Independence, relations with China—the other great nation of anti-imperialist struggle—were frozen before they could even begin. Türkiye would not recognize the People’s Republic of China until 1971. As a researcher living in China, I must add this: the Korean War—known in the Chinese memory as the “War to Resist America and Aid Korea”—is an integral part of China’s founding epic, and Türkiye’s role in that war is far more vivid in the historical memory of our Chinese interlocutors than we tend to assume.

The Other Legacy of the Same Alignment: The Xinjiang File
Another enduring consequence of this bloc choice was gestated during those very years. With the establishment of the People’s Republic of China in 1949, political figures who departed Xinjiang—led by Isa Yusuf Alptekin, the former secretary-general of the provincial government, and Mehmet Emin Buğra, a former provincial administrator—turned their gaze toward Türkiye. In 1952, the Ankara government issued a decree admitting thousands of Xinjiang emigrants arriving via Kashmir, and over the subsequent decades, Istanbul became the global epicenter of this diaspora. The Turkish public’s embrace of these people was rooted in a genuine sense of kinship, a sentiment that is not in itself open to criticism. What must be critiqued, however, is the coopting of this humanitarian issue into the bloc architecture of the Cold War: the diaspora movement was politicized within the ecosystem of the American-guided anti-communist networks of the era, becoming institutionalized as part of Türkiye’s anti-China alignment. Thus, an inherently legitimate bond of kinship was transformed into an instrument of great-power rivalry—giving rise to the most sensitive file between Ankara and Beijing today: an issue that Beijing interprets as a matter of territorial integrity, while Türkiye perceives it through the lens of kinship and humanitarian concern, making it the area where the two capitals find it hardest to understand one another. Contrary to popular belief, the roots of this file do not lie in the 1990s, but extend back to those three years when NATO membership was purchased with blood. Unless Türkiye learns to approach this issue not as a leverage point between its own conscience and its relations with China, but as a historical legacy that the two nations must discuss directly and honestly, it will remain vulnerable to the instrumentalization of this file by third parties.
1953: The Pretext Evaporates, the Dependency Remains
The final act of the story is the one least favored by the official narrative. Stalin died on March 5, 1953. On May 30, 1953, the Soviet government, in an official note to Türkiye, explicitly renounced its claims on Kars and Ardahan, as well as its demands for a revision of the Straits regime; it acknowledged that Soviet security could be ensured under conditions compatible with Türkiye’s sovereignty. In later years, Moscow would go even further through Khrushchev, admitting that the Stalin-era demands were a mistake and that this very error had driven Türkiye into the American alliance. In other words, the entire rationale for NATO membership was retracted in writing by its very source, a mere fifteen months after Türkiye joined. Yet membership was not retracted; the blood had already been spilled, the architecture of dependency had already been constructed, and the door to China had already been shut. The threat was temporary; the commitments, the bases, and the closed doors became permanent.
The Real Question for the Summit
The question that will not be asked in the Ankara summit hall, but which urgently demands an answer, is this: as a nation celebrates the seventy-fifth anniversary of a membership purchased by shedding blood on a front entirely divorced from its own historical struggle, against an invasion plan that never existed, when will it take stock of the doors that very membership closed in Asia? If Türkiye is today discussing an agenda that ranges from trade with China to the Middle Corridor, it is in fact attempting to repair a relationship that was sacrificed in 1950–52 for the account of a superpower. As the world is once again dragged into bloc politics, the lesson of history is clear: security acquired by offering blood to fuel the wars of great powers is not security at all, but a dependency whose price is paid across generations. For those who remember that anti-imperialism was the founding experience of this land, the most meaningful agenda for the summit should not be the expansion of NATO, but Türkiye’s resolve to forge relations on the basis of equality with all quarters of its own geography—including China.
Opinion
The Armenian elections, the Caucasus, and great power competition
As anticipated, the general elections held in Armenia on June 7 resulted in a victory for the Civil Contract Party, led by Prime Minister Nikol Pashinyan, which secured approximately half of the vote. Equally expectedly, despite this victory, the party fell short of a constitutional (two-thirds) majority. This political landscape is poised to yield significant ramifications, not only for Armenia’s domestic politics but also for regional dynamics and the overarching great power competition in the Caucasus.
Why so?
Let us examine the reasons point by point:
First, despite suffering a crushing military, political, and diplomatic defeat over Karabakh—a conflict widely recognized as Azerbaijan’s just and legitimate cause—Pashinyan retained robust public support. In the wake of this defeat, his vision of a “real Armenia” rather than an “imaginary” one, combined with his intention to swiftly normalize relations with Azerbaijan and Türkiye, and his promises of economic revitalization and prosperity, clearly resonated with the electorate.
Second, upon assuming office, Pashinyan underestimated Russia’s geopolitical weight in the region, placing excessive trust in the West, specifically US and European imperialism. Observing this, Russian President Vladimir Putin chose not to chastise Pashinyan directly; instead, by refusing to restrain Azerbaijan or prevent Baku from delivering a decisive blow to Yerevan, he forced Pashinyan to confront geopolitical realities.
Third, Russia maintains a formidable presence within Armenia’s domestic politics, economy, and security apparatus, compounded by the vast Armenian diaspora residing in Russia. It is impossible for Pashinyan to dismantle this entrenched reality overnight. For a country of roughly three million people, spanning a mere 30,000 square kilometers, and burdened with a fragile economy, the structural dependency is stark: Armenia sends 90 percent of its exports to Russia, relies entirely on Russian natural gas (secured at a fraction of the price paid by European nations), and has an estimated two million citizens living in Russia. Consequently, Pashinyan cannot afford to escalate tensions with Moscow, even if he were inclined to do so. This explains why, prior to the elections, he announced that his first state visit upon victory would be to Moscow, with Brussels to follow. Despite receiving significant backing from the United States and Europe, his designation of Moscow—which actively supported his domestic opposition—as his premier foreign destination demonstrates that he has, to some extent, internalized the lessons of his early leadership failures since 2018.
Fourth, while Armenia remains eager to cultivate the closest possible relations with NATO and harbors aspirations for European Union membership, Russia has countered this ambition by making it clear that Armenia cannot simultaneously belong to both the Eurasian Economic Union (EAEU) and the EU, forcing a choice between the two. Given Armenia’s geographic isolation, trade structures, energy dependence, and Russia’s pervasive influence over Yerevan, the country is in no position to easily abandon the Eurasian Economic Union.
Fifth, Pashinyan believes that a rapid normalization of relations with Türkiye and Azerbaijan will dismantle the Armenian diaspora’s leverage over Armenia’s domestic and, in particular, foreign policy. In doing so, he hopes to place Yerevan’s relations with Western nations on a healthier, more pragmatic footing.
Sixth, Armenia’s relations with Georgia are also fraught, overshadowed by historical mistrust and remaining tepid at best. Consequently, while Armenia struggles with varying degrees of tension and complex issues with Türkiye, Azerbaijan, Russia, and Georgia, it possesses only one neighbor with whom it shares amicable ties: Iran, with which it shares a brief 44-kilometer border. Yet, preoccupied with its own severe domestic and international crises, Tehran is currently unable to offer much meaningful attention or support to Yerevan, despite years of historical alignment.
Ultimately, this new era in Armenian politics carries profound implications, not merely for the nation itself, but for the wider region and the grand strategy of the major powers—specifically the geopolitical rivalry between the United States and Russia in the Caucasus.
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