ABDUSSAMET KARATAŞ'S WRITING SERIES
TURKEY'S NEW CASTLE AIR DEFENSE: S-400 - PART 4
The economic course of the S-400 missile defense systems that have been agreed with Russia is another aspect of the issue. It is a known fact that Russia, the manufacturer of the system, will make a significant profit from this sale. So, what is the other economic front in the US? Turkey S-400 take the case in US economic pressure threatening, can cause damage Turkey with sanctions? Economist and Vice President of the Felicity (Saadet) Party, evaluating the possible economic impact of the S-400s. Dr. Latif Öztek states that the threats of the USA should not be obeyed in any way.
S-400 would close the country's defense, emphasizing the serious deficit Oztek, "Turkey will take the S-400 from Russia, these costs will be following up to see if he got to be so costs. Economic concerns are not considered in the defense of the homeland. Turkey became a member of NATO for many years, so what benefit NATO with us? It kept us halfway. Patriot was negotiated with the United States of America, and negotiations were held with European countries. But our country's interests have become more exposed in the S-400. The United States is looking at it economically. Is Russia looking different? They have economic interests too. I wish we could produce ourselves without needing the United States or Russia. I believe that our country is ready for domestic production, both brain power and financially."
Oztek, "the United States at the beginning of Donald Trump as a crazy. So, is the US public so different, isn't it what brought Trump back to power? Before President Obama was shown a little more moderate, but he also worked to the disadvantage of Turkey. They are all the same… They do everything for their economic interests. They would make us economic sanctions and disrupt our economy. They should do what they can, and they cannot have any other purpose than to ensure Israel's security and to serve Zionism. They want to put Israel under strategic protection in the S-400 crisis as they have done so far. We have to continue our way and ignoring the sanctions as no threat and Turkey," he said.
Karadeniz Technical University Faculty of Economics and Administrative Sciences Faculty Member Bünyamin Er, made assessments over buying Russian S-400s and possible sanctions on Turkey.
"Recently US Deputy Secretary Clarke Cooper in Brussels, if Turkey does not give up the S-400 decision, economic sanctions within the framework of US adversaries with sanctions through the Tackling Act was a statement saying that there is a very viable option. Previously, similar statements were made by US officials. In these statements, it is possible to see traces in the form of focusing on sanction options for the economy and defense industry. This is an indication of the US attitude towards the F-35 fighter program. Indeed, US Air Force General Secretary Heather Wilson, 'Turkey's S-400 for we do not want to keep next to the F-35 is actually the description of the form, whereby Turkey does not renounce the S-400 purchase, he related even though the F-35 project some actions should be read as."
So, how can react to US economic sanctions against Turkey's economy? Bünyamin Er made the following evaluations on the answer to this question:
"In fact, lived during a similar process priests Brunson case and the suspension of all commercial and financial relations in this process to be Justice Minister blacklisted by Interior Minister confiscated all the assets in the United States country of entry and the United States, and also iron from Turkey has imposed some sanctions in the form of doubling the tariffs on steel and aluminum imports. The US authorities have announced that the sanctions will continue to be implemented and the market sentiment has increased in that period. As a result of the sanctions, this process caused a significant increase in TL/Dollar exchange rate. Some economists are subject away from the tension in US-Turkey relations, although valued as a result of the already visible problems in macroeconomic indicators at that time TL/USD mutual stakings experienced with the US on the rise in the exchange rate must say that it was an important influence. At this point, however, I think it would be wrong to evaluate the economic sanctions in the Brunson case process or the sanction process expected due to the S-400 agreement these days."
POSSIBLE SANCTIONS WILL NOT BE AS EFFECTIVE AS BRUNSON EVENT
In case the successful purchase of S-400 is likely to encounter some of Turkey's possible economic sanctions, but sanctions will not be effective on the monks representing up markets is in the process, Er said, "Turkey and Russia, the S-400 deal signed in September 2017 and since that time the US authorities bought the descriptions with the consequences of possible sanctions markets significantly. Considering sectoral sanctions, some negative situations may develop. On the other hand, the tension in US-Iran relations increased the possibility of hot conflict. In such a situation will not want to further increase tension in Turkey with the US."