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EU SUMMIT PREVIEW 1/2

TURKEY
  • EU SUMMIT PREVIEW
  • Focus today on EU summit following signs that scope of EU sanctions will be limited
  • Risks mostly to hydrocarbon related entities, rather than broader, longer-term measures as some earlier EU statements suggested (customs union, arms embargo etc).
  • However, we cannot discount a surprise at this meeting and a variety of headline risks to TRY assets
  • Measures were part of the draft statement and remain subject to approval from EU leaders, although the likelihood is low.
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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