Turkey Lashes Out At US Pressure Over Russian Missile Deal, Lira Slides [zero hedge]
Lockheed Martin Corporation (LMT)
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Source: zero hedge
After two weeks of torrid gains with the market now expecting a dip in the country's double-digit inflation, the Turkish lira is again lower on Tuesday, after Ankara lashed out at Washington, saying a U.S. House of Representatives’ resolution condemning Turkey's purchase of Russian defense systems and urging potential sanctions was "unacceptably threatening."The resolution, introduced in May and entitled “Expressing concern for the United States-Turkey alliance”, was agreed in the House on Monday according to Reuters. It urges Turkey to cancel the S-400 purchase and calls for sanctions if it accepts their delivery, which may come as soon as July. That would undermine the U.S.-led transatlantic defense alliance, according to the resolution.A S-400 "Triumph" surface-to-air missile systemIn response, Turkey’s Foreign Ministry said in a statement that its foreign policy and judicial system were being maligned by “unfair” and “unfounded” allegations in the resolution."It is unacceptable t
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