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US House Approves Defense Bill CAATSA Sanctions; Germany Push To Dilute EU Sanctions

TURKEY
LOCAL NEWS
  • US House of Reps passes Defense Bill stipulating CAATSA sanctions for Turkey's S-400 missile purchases and Turkstream pipeline project after receiving ⅔ majority to override the expected Presidential veto.
  • Draft will move to the Senate for voting in the next 2-3 days (⅔ majority expected) before being signed by Trump - ITAR TASS
  • Germany allegedly pushing to find common ground on EU's Turkey sanctions ahead of tomorrow's meeting,
  • Aim is to try to water down Greece & Frances calls for an arms embargo, economic sectoral sanctions and removal from the customs union
  • Consensus still remains for sanctions to be weak among most analysts - Hurriyet
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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