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U.S. Sanctions Turkey’s Arms Industry, Spares Banks, Economy

  • U.S. sanctions Turkey for purchase of S-400 missile system
  • Punitive actions target defense sector, exclude banks, economy
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The U.S. imposed sanctions on Turkey’s defense industry over the purchase of Russian S-400 missiles, a move that’s set to put more strain on a key NATO ally’s military but spares its economy from any punitive action.

The sanctions effectively cut off Turkey’s top defense procurement agency from U.S. financial institutions, military hardware and technology. Although the Turkish defense industry as a whole wasn’t targeted, Monday’s punitive action could endanger Turkey’s military clout in its region, after it has built up its army as a member of the North Atlantic Treaty Organization for more than half a century.