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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Problematic Crete S-300 Model for S-400s Unlikely to Fly with Greece, NATO & US
S-400s & the S-300 Crete Model
- Local analyst says Turkish proposal for "Crete's S-300" model for S-400s is flawed on a number of accounts:
- Background: Cyprus purchased S-300s from Russia in the late 1990s. But in the face of strong Turkish objections, the missiles were moved to Greek territory on Crete. System is kept non-operational and have been tested once in the past decade
- Turkey aims for a similar agreement with S-400s: to remain in a non-fully operational state, and stored on non-Turkish, non-NATO territory in order to be invited back into the F-35 programme & lift CAATSA sanctions
- Firstly, there is no indication that the Biden administration is willing to accept the S-400 on Turkish soil even in an unactivated state. Meaning missiles would have to be moved outside of Turkey.
- However, there does not appear to be a mutually agreeable destination, especially given the more advanced S-400s pose a greater danger to Turkey's neighbours
- Neither Greece, nor the rest of Europe, is likely to tolerate the S-400s in Turkish-aligned Northern Cyprus (previous analysts have said this would be a clear sign of positioning for armed conflict with Greece)
- while the possible transfer of Turkish S-400s' to Libya is almost certainly a nonstarter for NATO high command
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.