Featured Turkey

Turkey eyes US sanctions waivers on Iran oil, Russia arms

AP — Turkey “expects” the Trump administration to grant it waivers from U.S. sanctions related to its purchases of Iranian oil and Russian air defenses, a top aide to Turkish President Recep Tayyip Erdogan said Tuesday. Presidential spokesman and senior adviser Ibrahim Kalin told a news conference he couldn’t be… Read More

OFAC Settlements: When Good Intentions Aren’t Enough

On February 7th, Kollmorgen Corporation (“Kollmorgen”) of Radford, Virginia, agreed to a settlement with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) for six apparent Iran sanctions regulations violations by its Turkish affiliate Elsim Elektroteknik Sistemler Sanayi ve Ticaret Anonim Sirketi (“Elsim”). Despite significant preventative, investigatory, and remedial… Read More

CIA believes Saudi crown prince ordered journalist’s killing – sources

The CIA believes Saudi Crown Prince Mohammed bin Salman ordered the killing of journalist Jamal Khashoggi in Istanbul, sources familiar with the matter said on Friday, complicating President Donald Trump’s efforts to preserve ties with a key U.S. ally. The sources said the CIA had briefed other parts of the… Read More
15th November 2018
Geneva prosecutors said on Tuesday they are looking at whether Credit Suisse (CSGN.S) exercised adequate oversight of money deposited in its accounts that belonged to Turkish investors who suffered losses. Two independent asset managers who used Credit Suisse accounts to deposit money from wealthy Turkish clients are suspected of covering… Read More
1st November 2018
AP – Saudi journalist Jamal Khashoggi was strangled as soon as he entered the Saudi Consulate in Istanbul as part of a premeditated killing, and his body was dismembered before it was removed, a top Turkish prosecutor said Wednesday. Chief Istanbul prosecutor Irfan Fidan’s office also… Read More
30th October 2018
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran’s oil-dependent economy and… Read More
15th October 2018
Saudi Arabia on Sunday warned against threats to punish it over last week’s disappearance of journalist Jamal Khashoggi, as European leaders piled on pressure and two more U.S. executives scrapped plans to attend a Saudi investor conference. Khashoggi, a U.S. resident and Washington Post columnist critical of Riyadh’s policies, disappeared… Read More
21st August 2018
U.S. President Donald Trump on Monday ruled out agreeing to any demands from Turkey to gain the release of a detained American pastor and said he was not concerned that his tough stance could end up hurting European and emerging market economies. In a wide-ranging Oval Office interview with Reuters,… Read More
15th August 2018
The United States is warning more economic pressures may be in store for Turkey if it refuses to release a jailed American pastor, a White House official said on Tuesday, in a dispute that has further strained relations between the NATO allies. The tough message emerged a day after White… Read More
30th July 2018
President Tayyip Erdogan said Turkey will stand its ground after U.S. President Donald Trump threatened to slap sanctions on Ankara if it does not free an American pastor, broadcaster Haberturk reported on Sunday. Relations between the United States and Turkey are on the line in the dispute over pastor Andrew… Read More
27th July 2018
U.S. President Donald Trump on Thursday said the United States would impose significant sanctions on Turkey over its detention of American Christian pastor Andrew Brunson and called on Ankara to immediately release him. By Susan Heavey, Reuters, 26 July 2018. Link to Reuters. Read More
25th June 2018
AP — Turkish President Recep Tayyip Erdogan was proclaimed the winner early Monday of a landmark election that ushers in a government system granting the president sweeping new powers and which critics say will cement what they call a one-man rule. The presidential vote and a parliamentary… Read More
17th May 2018
AP — In a case that strained relations between the United States and Turkey, a judge sentenced a Turkish banker on Wednesday to just over two and a half years in prison, ignoring recommendations that he spend decades behind bars for his role in helping Iran evade U.S. economic… Read More