Four sources, including two U.S. officials, told Reuters on Thursday that the United States was preparing to impose sanctions on Turkey over its acquisition last year of Russian S-400 air defense systems, in a move likely to exacerbate already troubled relations between the two countries. The two NATO allies.
The sources said that the sanctions will target the Presidency of Turkish Defense Industries and its President, Ismail Demir. Several sources said they were expecting the announcement on Friday, but one said it could arrive any day and possibly as soon as Thursday.
The weakness of the Turkish lira. The US sanctions could hurt the Turkish economy, which is already suffering from a slowdown caused by the Coronavirus, double-digit inflation, and severely depleted foreign exchange reserves.
10 Dec 2020