Timed sanction decision from US to Turkish companies

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The United States Treasury Department has imposed sanctions on Turkish companies and citizens for violating sanctions against Russia. Speaking to Reuters, the US official said it had imposed sanctions on five Turkish companies and one Turkish citizen.

Timed sanction decision from US to Turkish companies

The United States Treasury Department has imposed sanctions on Turkish companies for violating sanctions against Russia, the United States (US) official said it had imposed sanctions on five Turkish companies and one Turkish citizen, Reuters reported.

The company and the individual's shipping and trading companies were also said to have helped Russia circumvent sanctions on ships linked to Russia's defense ministry. Reuters said the move came at a critical time for United States (US)-Türkiye relations. The agency pointed out that the US is waiting for the opening of parliament to approve Sweden's NATO membership.

18 MONTHS ANXIOUS WAITING

Several senior US officials, including United States Treasury Secretary Wally Adeyemo, have recently visited Türkiye. Reuters had commented on these visits as "a campaign to prevent any Turkish companies from helping Russia".

"Over the last 18 months, we have shared our concerns with the Turkish government and private sector and told them of the significant risks of doing business with entities and organizations we have sanctioned in connection with the Russian war," the official told Reuters.

COMPANIES TO BE SANCTIONED

It was stated that the US Treasury Department will impose sanctions on Margiana Construction Foreign Trade and Demirci Bilisim Trade Industry, while sanctions will be imposed on the company named Denkar Ship Construction. ID Ship Agency and its owner Ilker Dogruyol and CTL Limited will also be sanctioned.

Source: Reuters

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