Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

U.S. to lift 33-year arms embargo on Cyprus, angering Turkey

Published 2020-09-01, 04:15 p/m

WASHINGTON/ANKARA (Reuters) - The United States will lift a 33-year arms embargo on Cyprus and deepen its security cooperation with Nicosia, U.S. Secretary of State Mike Pompeo said on Tuesday, prompting an angry response from Turkey.

The island was divided in 1974 following a Turkish invasion triggered by a Greek-inspired coup. Turkey recognises the breakaway Turkish Republic of Northern Cyprus, which is not recognised by other countries. Several peacemaking efforts have collapsed.

Washington placed restrictions on the transfer of arms to Cyprus in 1987 to encourage reunification efforts and avoid an arms race on the island.

"Cyprus is a key partner in the Eastern Mediterranean," he said on Twitter. "We will waive restrictions on the sale of non-lethal defence articles and services to the Republic of Cyprus for the coming fiscal year."

The decision comes amid escalating tensions in the eastern Mediterranean between NATO allies Turkey and Greece over claims to potential hydrocarbon resources in the eastern Mediterranean based on conflicting views on the extent of their continental shelves.

Cypriot President Nicos Anastasiades said on Twitter after a phone call with Pompeo that he welcomed the move.

Turkey's foreign ministry said the decision "disregards the equality and balance" on the island and that Ankara expects its NATO ally to "review" it.

"Otherwise, Turkey, as a guarantor country, will take the necessary reciprocal steps in line with its legal and historical responsibility to guarantee the security of the Turkish Cypriot people," it said in a statement.

Ankara and Athens both say they are ready to solve the dispute through dialogue, while insisting on upholding their own rights. They each held military exercises in the region, highlighting the potential for the dispute to escalate.

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.