Featured Turkey

Erdogan says Trump can waive sanctions on Turkey for Russian defence purchase

U.S. President Donald Trump has the authority to waive sanctions on Turkey for its purchase of Russian air defence systems and should find a “middle ground” in the dispute, President Tayyip Erdogan said on Sunday. Erdogan’s comments came two days after NATO member Turkey took delivery of the first consignment… Read More

US warns Turkey it faces sanctions if it buys Russian system

AP — Acting U.S. Defense Secretary Mark Esper made it clear to Turkey on Wednesday that it will face economic sanctions if it goes ahead with the purchase of a Russian missile defense system, as the standoff between the two NATO allies dragged on. Esper met with Turkish Defense Minister… Read More

Turkey says it will not bow to U.S. sanctions over S-400 deal

Turkey will never bow to U.S. sanctions over its agreement to purchase Russian S-400 surface-to-air missile defense systems, Vice President Fuat Oktay said on Sunday regarding a deal that has strained ties between the NATO allies. Washington says the systems are not compatible with NATO equipment and may compromise its… Read More
17th April 2019
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
27th February 2019
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
19th November 2018
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