Canadian company files bankruptcy due to an arms embargo on Turkey

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Canadian defence company Telemus Systems goes bankrupt as a result of an arms embargo imposed by Ottawa on Turkey

Telemus Systems

“Despite the company’s repeated attempts to reach a resolution with Global Affairs Canada, including explaining the material adverse impact on the company’s financial situation and solvency, the company’s Turkish export permits remained suspended,” the report said. Final blow Telemus suffered a net loss of $360,000 in 2020 and reported a net loss of $1.1m in 2021, before closing down its operation on 31 July, according to the report.

 

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They only sold to terrorists and terror sponsored states? Good thing they're bankrupt.

Wah wah wahhh cry more

Well,they worked hard for it. The result of mixing politics and business.

Hopefully countries will wake up and not arse kiss the armenian diaspora for a few votes.

This is what happens when governments, senators, congressmen (which are biased and even bribed) lackeying and dancing to the toxic Armenian diaspora's tune. Now let Armenians and bribed by them gov't members cover the loses of Telemus Systems.

karma is a bitch eh?

fismailzade that sucks. Canada government destroyed well paying high tech jobs.

CursedbyNizami This is what happens when you appease lobby groups instead of looking after your national interests.

CursedbyNizami Armenia can help them 🤪

Some stupid Canadian politicians pushed for that embargo to get more votes from Armenian lobby in their electoral districts. One of those politicians became the minister of foreign affairs now. They will continue to damage Canada.

canada The days that you punks can hurt us by boycotting us are over! We just need one major step and that a national CPU to get realy independently, thats coming right sir varank? :)

Ne kadar üzüldüm bilemezsiniz :D

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