United States Threatens Turkey With 'Very Significant' Sanctions

The New York Times 1 day ago

WASHINGTON — U.S. Treasury Secretary Steven Mnuchin said on Friday that President Donald Trump had authorized U.S. officials to draft "very significant" new sanctions to target Turkey after it launched an offensive in northeast Syria, adding that banks were being notified.

Mnuchin said the United States was not activating the sanctions at this time but would do so if necessary.

"We are putting financial institutions on notice that they should be careful and that there could be sanctions," Mnuchin said.

"These are very powerful sanctions. We hope we don't have to use them, but we can shut down the Turkish economy if we need to," Mnuchin said.

Mnuchin said Trump was concerned about Turkey's potential targeting of civilians and wants to make clear that Turkey cannot "allow even a single ISIS fighter to escape."

(Reporting by Jeff Mason; Writing by Makini Brice and Jan Wolfe; Editing by Mary Milliken, Susan Heavey and Cynthia Osterman)


Source link
Read also:
Reuters › 3 days ago
U.S. Treasury Secretary Steven Mnuchin said on Friday that President Donald Trump had authorized U.S. officials to draft "very significant" new sanctions to target Turkey after it launched an offensive in northeast Syria, adding that banks were being...
CNN › Politics › 2 days ago
President Donald Trump signed an executive order Friday giving the Treasury Department "very significant new sanctions authorities" against Turkey, but the US doesn't have any immediate plans to use them, Treasury Secretary Stephen Mnuchin said Friday.
The Wall Street Journal › 3 days ago
President Trump has authorized and plans to sign a new executive order on Turkey sanctions. The order gives the Treasury and State departments significant new sanctions authority to dissuade Turkey from further offensive military action in Syria.
New York Post › 3 days ago
Treasury Secretary Steven Mnuchin said Friday that the administration was not slapping sanctions on Turkey at this time — but that the Trump administration would be giving his department “significant new sanctions authorities” targeting “any...
The New York Times › 1 day ago
Turkey's lira weakened on Friday after U.S. Treasury Secretary Steven Mnuchin said that President Donald Trump had authorized U.S. officials to draft "very significant" new sanctions to target Turkey after it launched an offensive in northern Syria.
CBS News › 3 days ago
Treasury Secretary Steven Mnuchin warned Turkey of possible sanctions during a news conference at the White House Friday, the third day of Turkey's Syria offensive. "We can shut down the Turkish economy if we need to," Mnuchin said.
One America News Network › 3 days ago
WASHINGTON (Reuters) - U.S.
Reuters › 44 minutes ago
President Donald Trump on Monday said he would authorize sanctions against Turkish officials, stop negotiating with Turkey on a $100 billion trade deal, and boost tariffs on the country's steel to 50 percent over Ankara's incursion into northeast Syria...
The Inquisitr › Politics › 2 days ago
Donald Trump’s decision to remove United State troops from Syria has drawn criticism from both Democrats and Republicans who believe it is putting the U.S.-backed Kurds in the region in danger of Turkey’s attacks. Since Trump’s decision, Turkish...
Reuters › 3 days ago
EU governments threatened sanctions against Turkey on Friday over its offensive in Syria, angrily rejecting President Tayyip Erdogan's warning that he would "open the gates" and send 3.6 million refugees to Europe if they did not back him.
Sign In

Sign in to follow sources and tags you love, and get personalized stories.

Continue with Google
OR