Ankara — Turkey says it has received the first major deliveries of a Russian missile-defence system, which purchase has drawn the threat of US sanctions over its potential to undermine Nato’s military capabilities. The lira has subsequently weakened.

A Russian plane carrying parts for the S-400 batteries landed at an air base near the Turkish capital of Ankara on Friday, Turkey’s top defence board said. The currency fell on the news and was trading 1.7% lower at $5.7720 as of 4.13pm in Istanbul. Senior US defence department officials were scheduled to hold a media briefing at the Pentagon outlining the US response to Turkey at 11.15am in Washington.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now