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US SANCTIONS REVIEW 2/2 - REACTION

TURKEY
  • Turkey has denounced actions by the US supported by Russia, Azerbaijan and a few others
  • Defense industry has said sanctions will do little to change its operations
  • Rumours circulating that Turkey will push US from its Incirlik air base following sanctions after Defense Min Akar vowed a response.
  • base has been used as a strategic joint operations post for decades and is ideally located for US ops in Syria & Iraq.
  • Also stores forward deployed tactical nuclear weapons
  • This is an initial shot across the bow from the US as a warning, should Turkey continue to escalate tensions
  • buys Erdogan some time while Biden assumes duties and acclimates to the White House
  • will likely change nothing in the short-term.
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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