Ukraine declared martial law for 30 days along the border with Russia and in Black Sea coastal areas from November 28. Russia accused it of playing with fire and Ukrainian vessels of violating the Russian border despite warnings from Russian ships.
In August, Turkish lira met a sharp drop by 18 percent, the biggest in a single day since the Turkish financial crisis in 2001. The fall of lira came after Trump’s announcement that the tariffs on steel and aluminum imports from Turkey would be doubled. Turkey is the eighth largest steel producer in the world and the sixth largest source of U.S. steel imports.