Germany limits export guarantees for Turkey trade amid rift


  • World
  • Friday, 22 Sep 2017

BERLIN (Reuters) - The German government has capped the amount of "Hermes" export guarantees it provides for trade with Turkey at 1.5 billion euros (1.32 billion pounds), a foreign ministry spokesman said on Friday, as a rift between the two NATO powers deepens.

The "Hermes" guarantees provide German government protection for German companies when foreign debtors fail to pay.

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