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US Spox Price Urges Turkey to Maintain Syria Ceasefire

TURKEY

LOCAL NEWS

  • US Spokesperson Ned Price expresses condolences to families of Turkish police officers killed in Syria on Monday but underscores the importance of maintaining ceasefire lines and halting cross-border attacks. This comes after Erdogan alluded to a new operation in Syria
  • Presidential Spox says Erdogan-Biden meeting at the G20 (30 Oct) is an opportunity to resolve differences and issues on the F-35/S-400, newly raised F-16s request and YPG disagreements. This alongside regional issues will form the core of discussions between the two leaders.
  • Turkey faces tough winter amid high gas prices and expiring contracts, having only renewed one of four long term contracts totalling 16bn cubic meters annually.
    • While the 6.6bn cubic meter Azerbaijan contract has been signed, two for state and private sector imports from Gazprom (4bcm each) and one from Nigeria (1.3bcm) – expiring later this month.
    • Experts say consumption will reach 300mcm and may have to import 13bcm of LNG in the spot market to cover its shortfalls
  • Covid cases reach 5-month high at 30,563 with experts concerned about a slowing vaccination rate and calling on govt to encourage vaccinations. Turkey has administered 46.4m second doses equating to roughly 54% vaccination rate

Data:

  • 0800BST Sep Home Sales, prior 141.4k
  • 0800BST Sep Home Sales y/y, -17.0% prior
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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