Investors braced for US sanctions on Turkey over S-400 missiles

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By Lewis McLellan
15 Jul 2019

Turkey took delivery from Russia of the first components of its new S-400 missile system on July 12. The US is readying a new bevy of sanctions against the country, but investors say their effect will be limited.

Although Turkey has been long expected to receive the Russian surface to air missile system, US president Donald Trump and Turkish president Recep Tayyip Erdogan’s amicable meetings at the G20 summit in Osaka two weeks ago gave investors some hope that the countries would reach a compromise.

However, ...

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