Tsionizm
Analysis

The US Has Sanctioned Turkey…Now What?

The US Has Sanctioned Turkey...No What?
The G20 Summit working lunch | July 7, 2017

On Tuesday, the US State Department announced it would impose sanctionson Turkey following its decision to buy the S-400 defense system from Russia. While the sanctions were anticipated, it was unusual for a NATO member to sanction another member of the alliance. Turkey quickly reacted by condemning the sanctions, calling them a “grave mistake” and an “unjust decision.” What could it mean for the countries’ future relationship?

Aykan Erdemir, senior director of the Turkey Program at the Foundation for Defense of Democracies and a former member of the Turkish parliament, told The Jerusalem Post that the sanctions on Ankara’s defense procurement agency, which include a freeze on export and reexport of goods and services, can significantly impact Turkey’s defense exports and imports.

“Although this would be a major blow for Turkey’s defense industry, Ankara still finds comfort that the Trump administration has spared Turkey’s financial sector from sanctions,” he said. “Nevertheless, global investors will perceive CAATSA sanctions as yet another sign of Turkey’s growing political risk, and are likely to continue their ongoing exodus from Turkish bonds and equities.” CAATSA is the 2017 US federal Countering America’s Adversaries Through Sanctions Act.“Although this would be a major blow for Turkey’s defense industry, Ankara still finds comfort that the Trump administration has spared Turkey’s financial sector from sanctions,” he said. “Nevertheless, global investors will perceive CAATSA sanctions as yet another sign of Turkey’s growing political risk, and are likely to continue their ongoing exodus from Turkish bonds and equities.” CAATSA is the 2017 US federal Countering America’s Adversaries Through Sanctions Act…

To read more visit The Jerusalem Post.

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1 comment

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elchucko December 17, 2020 at 8:11 pm

And I used to like watching Turk movies on Netflix!

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