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Turkey Sends Russian S-400 Experts Packing In Goodwill Gesture to US

TURKEY

LOCAL NEWS

  • Cavusolu says Turkey will send Russian S-400 experts home in goodwill gesture to US during Monday's meeting's with Greece.
    • Also noted the s-400 system will be completely under its control, but with the purchase costing $2bn, Turkey could not give up the system entirely.
    • This marks an important gesture, showing Turkey is open to compromise on the system ahead of Biden's meeting with Erdogan (14 June).
    • Cavusoglu also said a meeting with Blinken was coming soon, but fell short of providing a date
  • Turkey eases Covid-19 measures further starting 1 June, including partially lifting the weekend lockdown on restaurants to a limited number of guests and delaying curfew by an hour to 10pm.
  • Analyst says Greece-Turkey talks fell short of any meaningful progress, with both sides only meeting where their short-term interests converged, but remain "diametrically opposed" on others.
    • Both sides continued to exchange tit-for-tat remarks about the East Med
  • Commerzbank Head of Technicals says USD/TRY may reach new all-time highs near 9.00-9.10
  • Belarus thanks Turkey for its help wit NATO over forced Ryanair landing after the organisation failed to implement punitive measures last week due to Turkey's veto
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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