“TUSIAD received a letter signed by the US Deputy Secretary of the Treasury, Adewale Adeymoabout the risk of being sanctioned by companies in Turkey that have relations with people and institutions affected by the sanctions against Russia,” the employers’ organization said in a statement.
The letter, dated Monday and whose content was disclosed by the newspaper Wall Street Journal (WSJ)warns that Turkish companies are at “greater risk” from “Russia’s attempts to use” Turkey “to circumvent sanctions.”
“Turkish companies cannot expect to be able to trade with sanctioned Russian individuals or entities and maintain ties with the United States,” according to the statement.
And add “the turkish banks they cannot expect to have ties to the sanctioned Russian banks and retain their relationships with world banks nor to have access to US dollars“, according to information accessed by the WSJ.
Tension in NATO
The Russian President, Vladimir Putinand its Turkish counterpart, Recep Tayyip Erdoganhad announced in early August an agreement to reinforce the energy and economic cooperationafter their meeting in the Russian city of sochi.
Turkey, a member country of the NATOalso announced the partial payment in rubles of gas in Russian and that the Russian payment system “look” was going to be used by more Turkish banks.
According to official figures, Turkish exports to Russia between May and July increased by almost 50% compared to the previous year.
Turkey, which was quick to condemn the Russian offensive in Ukraineopted for neutrality between the two countries and did not support Western sanctions against Moscow.
At the moment, the Turkish authorities did not react officially to the letter from the Treasury Department.
Source: Ambito
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