
OUR Biden administration warned them Turkish companies do not cooperate with Russian institutions and sanctioned individuals, which increased pressure from USA to his ally NATO which maintains strong relations with Russia during its invasion of Ukrainenewspaper writes Wall Street Journal.
In a letter from August 22 to American Chamber of Commerce Turkey, held by the Wall Street Journal, Deputy Minister of Finance Wally Adechemo he mentioned that Turkish companies risk falling under US sanctionsif they work with people from Russia who are under sanctions.
The letter pays special attention to Russian banks.
“Relations with Russian citizens and entities under sanctions may lead to sanctions against Turkish financial institutions and businesses,” the letter says.
The newspaper clarifies that in Turkish banks that maintain correspondent relations with Russian banks, they will be prohibited from dealing with American banks.
This warning is a confirmation of Washington’s increasing pressure on Ankara.
OUR Turkey the only NATO member that did not support international sanctions introduced against Russia as punishment for its invasion of Ukraine.
According to the Wall Street Journal, as a result, Turkey has become harbor of the Russian capital.
Late last week, the US Treasury Department reported on a telephone conversation between the US Deputy Treasury Secretary and his Turkish counterpart, during which Wally Adeyemo expressed concern that Russia was using Turkey to circumvent sanctions.
Turkish Deputy Finance Minister assured his US counterpart that Turkish companies and citizens are prohibited from violating international sanctions.
Source: Wall Street Journal, Svoboda.org
Source: Kathimerini

Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.