The Business Federation of Turkey (TUSIAD) has received a letter from US Deputy Treasury Secretary Wally Adeyemo warning of potential risks of sanctions if companies establish relationships with sanctioned Russian entities and individuals.
In a statement, TUSIAD said on Tuesday that it had shared the letter with the Turkish Foreign Ministry, Finance Ministry and Trade Ministry.
On Saturday, Adeyemo told Turkish Deputy Finance Minister Yunus Elitas that Russian entities and individuals were trying to use Turkey to circumvent Western sanctions imposed over Moscow’s war in Ukraine.
As mentioned earliera similar letter was sent to the American Chamber of Commerce of Turkey, which the Wall Street Journal has at its disposal.
This warning is a confirmation of the increasing pressure exerted on Ankara by Washington. Turkey is the only NATO member country that did not support international sanctions imposed on Russia as punishment for its invasion of Ukraine.
As the Wall Street Journal writes, this resulted in Turkey turning into a haven for Russian capital. Late last week the US Treasury Department announced that there was a telephone conversation between the US Deputy Treasury Secretary and his Turkish counterpart, during which Wally Adeyemo expressed concern that Turkey was being used by the Russians to circumvent the sanctions. The Turkish deputy finance minister had assured his American counterpart that Turkish companies and citizens are not allowed to violate international sanctions.
Petros Kranias
Source: Capital
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