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> Economy

Turkey will not be able to shoulder cost of US sanctions over S-400 purchase – U.S. official

Washington has threatened to impose economic sanctions against Turkey under CAATSA (Countering America’s Adversaries Through Sanctions Act)

Newsroom April 15 10:19

 

Turkey will not be able to bear potential U.S. sanctions over its looming purchase of Russian S-400 defence systems and President Recep Tayyip Erdogan should not sacrifice the country’s economy over for anti-U.S. sentiments, consultant to the U.S. Department of State John Sitilides told U.S.-government funded news outlet Voice of America Turkish.

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“If Turkey formally enters a recession, it may be forced to take out a loan from the IMF to save its economy,’’ Sitilides said, adding that uncontrollable inflation, unemployment and a serious debt crisis are knocking on Ankara’s door.

The statement from Sitilides joins that of a chorus of top U.S. officials in warning that Ankara’s purchase of the Russian system could lead to U.S. sanctions and place Turkey’s involvement in the F-35 fighter jet program at risk.

Read more HERE

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