Economy
S-400 and F-35: Turkey's Strategic Defense Gamble and Economic Implications
724FinanceDr. Aslıhan Demir

Hulusi Akar, Chairman of the Turkish Parliament's National Defense Commission, stated that the S-400 defense system issue will be resolved soon and the F-35 program will resume once the S-400 dispute is resolved. During his visit to Washington, Akar emphasized strengthening dialogue with the U.S. and enhancing mutual trust within NATO's strategic framework. He highlighted Turkey's experience in producing 1,000 components of the F-35 and ongoing developments in the Steel Dome Project. Akar also criticized Israel's efforts to create anti-Turkey sentiment in the U.S., citing regional instability and humanitarian concerns.
Direct Link Between S-400 and F-35
Symbolic Economic Impact of Washington Visit
Dr. Aslıhan Demir: "Defense projects like these can directly impact Turkey's external borrowing costs and foreign exchange reserves. The S-400-F-35 dynamics may cause fluctuations in forex markets under U.S. sanctions. However, investments in local defense industries could contribute to macroeconomic stability through employment and reduced external dependency."