Monday, December 21, 2020
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.
- 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.