Armenian News

Mandatory U.S. Sanctions On Turkey Coming Soon As Turkish Lira Plummets

The final version of the mandatory annual defence policy bill that was launched last week mandates the U.S. president to sanction Turkey for its acquisition of the S-400 air missile defence system. The defence bill would order that five or more sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA) be imposed within 30 days.

In 2017, President Donald Trump held off sanctioning Turkey for the purchase of the S-400 system. Now, the duty still lies on the Trump administration unless it gets extended to President-elect Joe Biden who is set to be inaugurated on January 20th.

NATO says the S-400 missile systems pose a threat to the military alliance and particularly endangers the technical secrets of their F-35 aircraft.

As a result of the announced sanctions, Turkey’s lira fell once again last week.

In the meanwhile, Turkey’s close friend President Trump said he will veto the bill over separate provisions. However, this would involve getting support in Congress and if successful, it would be the first such veto in nearly 60 years.