To read the full version of this content please select one of the options below:

US sanctions may be serious for Turkish arms industry

Monday, December 21, 2020

Significance

The 2021 presidential programme forecast domestic content in defence projects reaching 71% and arms exports tripling to USD6.2bn. However, that was before Washington banned export licences and finance to the defence procurement agency and imposed asset freezes and travel bans on Demir and three others, following the purchase of Russia’s S-400 missile system.

Impacts

  • Turkey risks EU sanctions for prospecting for gas in waters also claimed by Greece and the Republic of Cyprus.
  • Rising COVID-19 infections and fears of a winter recession and another economic downturn put the 2021 budget in jeopardy.
  • Reliance on arms imports and foreign licences make the aim of 100% self-sufficiency in advanced technologies by 2023 unlikely.
Expert Briefings Powered by Oxford Analytica
Stay up to date
Sign up to the Expert Daily Briefings email alert and receive up-to-the-minute analysis of global events as they happen.
*If your university does not have access to Expert Briefings, visit our information page to find out more.