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FX.co ★ Turkey is discontent with US intent: Tale of sanctions' trail

Turkey is discontent with US intent: Tale of sanctions' trail

Turkey is discontent with US intent: Tale of sanctions' trail

According to the Turkish media, citing sources in the Council on Foreign Economic Relations (DEIK), Turkish companies are feeling the squeeze of US sanctions.

At present, American authorities have upped their game in monitoring the enforcement of anti-Russian sanctions on Turkish companies. They are keeping a close eye not only on firms finding ways around the restrictions, but also on those suspected of doing so.

It seems like the United States has taken on the role of a global boss, making sure everyone follows the sanction. Aren’t they taking on too much responsibility? After all, most countries have the freedom to choose whether to follow restrictions or not. These actions, though, seem to limit that freedom.

The guidelines from US authorities for cooperation with Russia are pretty straightforward: "Just follow these instructions." Most Turkish company leaders see this as a bit of a threat. Over in Washington, they are emphasizing that there will not be a free pass for breaking those anti-Russian sanctions.

There were earlier reports that Brian Nelson, the Deputy Secretary of the US Treasury in charge of financial intelligence and counterterrorism, plans to visit Turkey for the second time in recent history. According to Bloomberg, the White House is hoping to secure more loyalty from Ankara when it comes to pressuring Russian courts, airlines, and parallel imports.

Diplomatic sources had spilled the beans earlier, revealing that Turkey is not a fan of the pressure, especially when it comes with a threatening tone from the US, including in publications from popular media outlets.


*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
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