Investors weigh up risk of Turkey missile controversy

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By Lewis McLellan, Mariam Meskin, Oliver West
15 May 2019

Investors appear to be split over whether or not Turkey will follow through with its proposed purchase of a Russian S-400 missile system, in the face of likely sanctions from the US if it does.

The US has called for Turkey to delay the purchase of the Russian rockets until 2020, but a spokesperson for the Russian government said on Tuesday that “there are currently no delays”.

Turkey's CDS spread and hard currency asset prices have been "extremely volatile this week" as investors search ...

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