Politics
The Nova Kakhovka dam on Ukraine’s Dnieper river was breached, leading to disastrous flooding in downstream cities that displaced thousands of people. Ukraine said Russia had blown it up, and America promised to release evidence backing that claim. Russia denied the accusation.
Ukraine cranked up its highly anticipated counter-offensive to recapture territory held by Russia in its east and south. In a few places its forces penetrated several kilometres into occupied areas. So far the attacks have been small, and a full-scale assault is believed to be yet to come.
President Recep Tayyip Erdogan appointed mainstream economic thinkers to his government in Turkey. Mehmet Simsek, the new finance minister, promised to pursue “rational” policies. The Turkish lira plunged, since markets expect this will mean less intervention to prop it up.
2023-06-08 08:48:58
Original from www.economist.com