Turkey has to decide whether to complete a complex arms deal with the U.S. which allows access to the F-35 jet or risk penalties by buying a Russian missile system.
Turkey has around two weeks to decide whether to complete a complex arms deal with the U.S. or risk penalties by buying a Russian missile system.Russia says it believes that Turkey has confirmed many times it wil buy the Russian missile system.The U.S. ambassador to NATO told CNBC that Turkey's purchase of a Russian missile system could help the Kremlin in its bid to weaken NATO.
U.S. officials see Ankara's purchase of the missile system as a pivot toward warmer ties with Moscow. Turkey's integration of the Russian S-400 system is viewed as a direct threat to the security of Lockheed Martin's F-35 fighter jet program which Turkey is a part of. "You have to make a choice. You can have one or the other but not both," she said, before repeating that Turkey stands to "lose association" with the F-35s that they have already ordered.
In late May, the Turkish lira saw a rare move higher after President Donald Trump spoke with Erdogan via telephone and set up a late June meeting. The currency had shed around 14% year-to-date amid the friction between the NATO allies.Meanwhile, the concept of a European defense force has been gaining traction which would need funding from EU members. French President Emmanuel Macron has offered support for the concept, but the U.S.
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