📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

Germany likely to approve tank upgrades for Turkey - Spiegel

Published 20/01/2018, 04:21 am
© Reuters.  Germany likely to approve tank upgrades for Turkey - Spiegel
RHMG
-

BERLIN, Jan 19 (Reuters) - The German government is moving to approve upgrades of Turkey's Leopard battle tanks by German arms maker Rheinmetall RHMG.DE as a further step towards normalising strained ties with Ankara, Der Spiegel magazine said on Friday.

This week NATO allies Germany and Turkey resumed bilateral government consultations, suspended after Ankara's arrest of German-Turkish journalist Deniz Yucel last February in a case that continues to divide the two countries. tentative thaw in relations followed the release of a number of Germans jailed in Turkey, and a meeting between German Foreign Minister Sigmar Gabriel and his Turkish counterpart Mevlut Cavusoglu in Germany earlier this month.

After the meeting Gabriel instructed his office to put Turkey's request for the tank upgrades on the agenda and "to look favourably" at it, Spiegel said.

The German foreign ministry did not respond to requests for comment on the potential arms sales to Turkey.

Gabriel told reporters after his meeting with Cavusoglu that major arms sales to Turkey would remain off limits until Yucel's case had been resolved, but signalled at the time that Berlin would review Ankara's request to add protective gear to its existing tanks.

Turkey wants to add gear to reinforce the tanks against improvised explosive devices and mines, and is also seeking a sensor system that would protect the vehicles against anti-tank projectiles.

Spiegel said the likely approval of the tank upgrades was viewed by diplomats as "a concession toward solving the crisis with Turkey and a step toward securing the release of the Die Welt journalist Yucel".

Turkey accuses Yucel of spreading propaganda for the outlawed Kurdistan Workers Party (PKK). He denies the charge.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.