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US Acting Deputy Secretary of State Visits Turkey as State Department Approves Sale of F-16s

TURKEY
  • US Acting Deputy Secretary of State Victoria Nuland is set to embark on a diplomatic mission to Turkey on Jan 28-29, Anadolu Agency report according to its diplomatic sources. The visit comes as part of the Turkey-US Strategic Mechanism, marking a significant step in bilateral relations between the two nations. During her visit, Nuland is expected to engage in comprehensive consultations, delving into various aspects of the Turkey-US bilateral relationship, regional and international matters, AA write.
  • As a reminder, the US State Department notified Congress late Friday that it approved a $23bln sale of F-16 aircraft and related equipment to Turkey.
  • Houthi attacks on ships passing through the Red Sea increased staff costs by 20%, freight costs by 30% and tripled overall transportation costs, Hurriyet report. IMEAK Chamber of Shipping Council’s Basaran Bayrak says prices of electronic products in the domestic market rose by about 20%-25%.
  • There are no major data releases on the docket today, with Trade Balance and S&P Manufacturing figures the highlights later in the week.

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