ISTANBUL: The United States warned Turkey in recent days about the export to Russia of chemicals, microchips and other products that can be used in Moscow’s war effort in Ukraine, and it could move to punish Turkish companies or banks contravening sanctions.
Brian Nelson, the US Treasury Department’s top sanctions official, visited Turkish government and private sector officials on Thursday and Friday to urge more cooperation in disrupting the flow of such goods.
In a speech to bankers, Nelson said a marked year-long rise in exports to Russia leaves Turkish entities “particularly vulnerable to reputational and sanctions risks”, or lost access to G7 markets. They should “take extra precaution to avoid transactions related to potential dual-use technology transfers that could be used by the Russian military-industrial complex,” he said in a copy of the speech issued by the Treasury. –Agencies
