Trump takes deployment of sanctions to new level | Financial Times:
The White House is unsettling markets and US allies as it makes increasing use of powerful sanctions, underscoring President Donald Trump’s willingness to act alone on foreign policy even at the expense of heightening global instability.
Russian and Turkish markets were hit hard this week as US sanctions exacerbated concerns about the fragility of emerging markets.
Washington’s dispute with Ankara over the detention of a US pastor contributed to the 28 per cent slump in the Turkish lira this month. The Russian rouble has fallen 6 per cent since the US announced sweeping sanctions on Wednesday over the near-fatal poisoning in the UK of a former Russian spy.
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