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‘This is not a colony!' Ankara snaps at Washington over threat that US pharma may exit Turkey if it fails to repay $2.3bn debt

Added 09-25-20 07:37:02pm EST - “US Ambassador David Satterfield is treating Turkey like a colony, Ankara's health minister Fahrettin Koca said, commenting on the escalating row over the skyrocketing debt Turkey owes to American drug companies.” -


Posted By TheNewsCommenter: From “‘This is not a colony!’ Ankara snaps at Washington over threat that US pharma may exit Turkey if it fails to repay $2.3bn debt”. Below is an excerpt from the article.

“What the ambassador did is neither correct nor ethical. He is using manipulation at a time when we are holding talks with drug companies. He may be able to do such acts in colonies, but this is not such a country,” Koca told reporters on Friday, while visiting the Black Sea province of Samsun. 

Koca was referring to the “extremely unfortunate” comments by the US envoy during a trade conference on Wednesday, when Satterfield warned that American pharmaceutical companies “will consider departing the Turkish market or will reduce exposure to Turkish market,” over the outstanding debt – which ballooned from $230 million last year to some $2.3 billion currently.

Turkish President Recep Tayyip Erdogan and Finance Minister Berat Albayrak assured US Commerce Secretary Wilbur Ross that prompt payments will be arranged when Ross raised the issue in 2019, Sutterfied said. Now, however, Turkey is asking US companies to accept significantly reduced repayments. This is unacceptable to Washington, he said.

Meanwhile, Turkish Foreign Minister Mevlut Cavusoglu lashed out at Speaker of the House Nancy Pelosi (D-California) earlier on Friday, criticizing her “blatant ignorance” and threatening that she will “learn to respect the Turkish people’s will.”

[email protected]’s rise to become Speaker of the House is what is truly worrisome for American democracy, given her blatant ignorance. You will learn to respect the Turkish people’s will. @realDonaldTrump


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