Turkey-U.S. Sparring Escalates as Bank Spurns NY Court
- Turkey is snubbing U.S. demands for one of its biggest banks to face charges that it helped Iran evade sanctions amid escalating tensions fueled by Turkey’s incursion into northern Syria. U.S. prosecutors charged Turkiye Halk Bankasi AS last week with enabling a sanctions-evasion scheme that helped Iran tap $20 billion in frozen foreign oil sales revenue sitting in foreign bank accounts, at a time when the U.S. was trying to maximize leverage over the country in negotiations to abandon its nuclear program. The timing of the indictment led ...
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