MEMO : US warns Turkiye of sanctions if business with Russia continues

US Deputy Treasury Secretary Wally Adeyemo in Brussels, on March 29, 2022. [JOHANNA GERON/POOL/AFP via Getty Images]

Les États-Unis avertissent la Turquie de sanctions si les affaires avec la Russie se poursuivent

The United States has expressed its concerns to Turkiye over its ongoing business ties and trade with Russia, warning it of similar sanctions on Turkish businesses, if cooperation continues./Les États-Unis ont exprimé leurs inquiétudes à la Turquie concernant ses relations commerciales et commerciales en cours avec la Russie, l’avertissant de sanctions similaires contre les entreprises turques, si la coopération se poursuit.

In a statement by the Turkish Industry and Business Association (TUSIAD) yesterday, it confirmed that the US Treasury and its Deputy Secretary, Wally Adeyemo, had sent a letter to the Turkish Association and the American Chamber of Commerce in Turkiye stating that companies and banks in the country are at risk of being sanctioned by Washington.

« Any individuals or entities providing material support to US-designated persons are themselves at risk of US sanctions, » the letter stated, according to the Wall Street Journal. « Turkish banks cannot expect to establish corresponding relationships with sanctioned Russian banks and retain their corresponding relationships with major global banks as well as access to the US dollar and other major currencies. » READ MORE