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Turkey in sanctions trouble again

hamas sanctions

  • Turkey’s relations with US has taken a turn for the worse, with potentially negative consequences for economy and markets.
  • US Treasury Undersecretary Brian Nelson accused Turkey of violating Russia sanctions and turning a blind eye to HAMAS’ money laundering activities through Turkish financial institutions.
  • How accurate are these allegations?
  • What does White House actually want from Turkey?
  • Can Turkey comply, or will there be retaliation on the horizon?
  • How can retaliation affect the economy and the exchange rate?

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