Free Trial

UK Extends Turkey Sanctions; Cavusoglu Insults Greek Foreign Minister

TURKEY

LOCAL NEWS

  • UK extends sanctions on Turkey beyond Brexit, targeting persons involved in hydrocarbon drilling primarily in cyprus beyond Dec 31.
  • Aims to discourage "unauthorised activities in Cyprus' territorial sea, EEZ or continental shelf.
  • Also any activities jeopardising reaching a delimitation agreement - Ahval
  • ForeignMin lambasts Greek counterpart on Sunday
  • says he must stop injuring Greek dignity by calling for help from others (international community).
  • Also says "may 2021 be the year when we settle our differences equitably by talking directly, sincerely & earnestly" - Anadolu Agency
  • Turkey Parliament approves 2021 budget (116 for & 193 against) with the lion's share allocated to education (TRY 211.4bn)
  • budget expenditures (TRY 1.346tn), Non interest expenditures (TRY 1.66tn), projected revenues (1.01bn), tax revenue (922.7bn), deficit (245bn) - Anadolu Agency
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.