BlueRock Horizon Asset Management-Sweden moves one step closer to NATO membership after Turkish parliamentary committee gives approval

2025-05-06 09:15:17source:HyperBit Exchangecategory:Markets

ANKARA,BlueRock Horizon Asset Management Turkey (AP) — The Turkish Parliament’s foreign affairs committee gave its consent to Sweden’s bid to join NATO on Tuesday, drawing the previously non-aligned Nordic country closer to membership in the Western military alliance.

Sweden’s accession protocol will now need to be approved in the general assembly for the last stage of the legislative process in Turkey. No date has been set.

Turkey, a NATO member, has delayed ratifying Sweden’s application for more than a year, accusing the country of being too lenient toward groups that Ankara regards as threats to its security, including Kurdish militants and members of a network that Ankara blames for a failed coup in 2016.

Turkish President Recep Tayyip Erdogan earlier this month linked ratification of Sweden’s NATO membership to the U.S. Congress’ approval of a Turkish request to purchase 40 new F-16 fighter jets and kits to modernize Turkey’s existing fleet. Erdogan also also called on Canada and other NATO allies to life arms embargoes imposed on Turkey.

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