Turkish lira slips as U.S. moves closer to sanctions over S-400s

Turkish lira slips as U.S. moves closer to sanctions over S-400s

The Star Online - News·2020-12-04 19:04

ISTANBUL (Reuters) - Turkey's lira slipped on Friday after U.S. lawmakers included mandatory Turkish sanctions in a defence spending bill that moves Washington a step closer to punishing its NATO ally for buying Russian S-400 missile defences last year.

The final version of the $740 billion annual U.S. defence spending legislation would oblige the White House to select from a list of sanctions over the S-400s, which Washington says are incompatible with NATO operations.

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