NewsPolitics

US considering sanctions on Turkey’s purchase of Russian S-400

UNITED STATES, WASHINGTON (OBSERVATORY) — US President Donald Trump’s administration is considering sanctions against Turkey’s purchase of the Russian-made S-400 missile defense system, but no decisions have been taken, US Treasury Secretary Stephen Mnuchin said on Monday.

“We’re looking at it. I’m not going to make any statements about any specific decisions, but we’re looking at it,” Mnuchin told reporters outside the White House when asked if the Treasury was considering sanctions. He did not specify any possible sanctions targets.

Turkey’s dollar-denominated sovereign bonds fell after Mnuchin’s comments.

Ankara and Washington are at odds over Turkey’s purchase of the S-400, which the United States says is incompatible with NATO defenses and poses a threat to Lockheed Martin’s stealth fighters.

Russia handed Turkey a second S-400 battery last month, Interfax news agency quoted Russian President Vladimir Putin as saying. Ankara received the first shipment in July.

Washington has already warned Turkey that it would face sanctions over the purchase of the system and excluded Ankara from the F-35 program, but Turkey still rejects the warnings.

The dispute over the air defense system is among several issues that have strained relations between the United States and Turkey, including the conflict in Syria.

Online:

This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.

Our Standards, Terms of Use: Standard Terms And Conditions.

OBSERVATORY NEWS — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.

Contact us: [email protected]

Stay connected with News Observatory and Observatory Newsroom, also with our online services and never lost the breaking news stories happening around the world.

Support The OBSERVATORY from as little as $1 – it only takes a minute. Thank you.

We are NEWS OBSERVATORY — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes OBSERVATORY possible came from you.