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Cavusoglu Draws Red Lines on S-400s, Blinken Concerned by Cyprus/East Med Activities

TURKEY

LOCAL NEWS

  • FM Cavusoglu hopes the Biden-Erdogan meeting will yield positive results, saying the meeting would be "crucial".
    • Notes "if the US does not guarantee patriot missiles, we can get air defense systems elsewhere" (Russia)
  • Blinken says East Med issues will be raised in Erdogan-Biden talks, and that in many respects Turkey is not acting like an ally – given its position on S-400s.
    • Notes threatening Cyprus in its own EEZ violates international law when it declares an EEZ reaching all the way to Libya, ignoring and interfering in the EEZ of Greece
  • Govt announces a plan to restructure tax arrears, debts owed to public institutions to be paid over an 18-month period starting in September.
    • This is aimed at freeing up business and consumer capital to boost the recovery
  • Turkish Northern Cyprus FM says UN attempts to reunify Cyprus are dead in the water after a failed attempt in April to kickstart a fresh round of talks
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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