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UK Provides Largest Ever Export Finance (€2.1bn) for High-Speed Rail Project



  • UK to provide highest ever export finance credit to Turkey for Ankara-Izmir high speed railway project. UKEF will guarantee the 2.1bn euro loan to fund 503km of high-speed electric railway. FinMin Nebati said the deal would have a green loan structure. UK govt said it hopes to further strengthen its collaboration with Turkey – Duvar
  • Erdogan Offers to host Zelensky & Putin in Turkey to lead the way towards a long-term ceasefire. FM Cavusoglu said Russian showed no objection, and could accept such an offer. Russian media say the meeting could take place in the coming weeks – Ahval, Sky
  • Erdogan says the draft law to reduce the election threshold from 10% to 7% will result in fairer representation in Parliament an disallow smaller parties from winning a bigger representation in proportion to the votes they gain.
    • Groups with 20 lawmakers or more will no longer qualify – this prevents parties transferring lawmakers just to be eligible to run in elections. in 2018 the CHP transferred 15 lawmakers to the IYI party so they could run – Hurriyet Daily
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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