Turkey in sanctions trouble again

  • 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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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.