Turkish lira slips as U.S. moves closer to sanctions over S-400s | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Turkish lira slips as U.S. moves closer to sanctions over S-400s

Turkey’s lira briefly slipped on Friday after U.S. lawmakers included mandatory Turkish sanctions in a defence spending bill that moves Washington a step closer to punishing its NATO ally for buying Russian S-400 missile defences last year.

The final version of the $740 billion annual U.S. defence spending legislation would oblige the White House to select from a list of sanctions over the S-400s, which Washington says are incompatible with NATO operations.

U.S. President Donald Trump, who is set to step down next month, has said he will veto the bill over separate provisions. But he may need some support in Congress and it would be the first such veto in nearly 60 years.

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