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US imposes sanctions on Turkey's arms industry, spares banks, economy

The sanctions effectively cut off Turkey's top defense procurement agency from US financial institutions, military hardware and technology

People stand outside their homes in Izmir, Turkey, Friday, Oct. 30, 2020, after a strong earthquake in the Aegean Sea has shaken Turkey and Greece

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People stand outside their homes in Izmir, Turkey. File Photo

Nick Wadhams, Selcan Hacaoglu and Firat Kozok | Bloomberg

4 min read Last Updated : Dec 16 2020 | 1:49 AM IST

The US 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 US 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.

“The United States made

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