Banking & Finance US warns Russia trying to bypass Western sanctions via Turkey By Reuters August 21, 2022, 11:38 AM Reuters US Deputy Treasury Secretary Wally Adeyemo told Turkish Deputy Finance Minister Yunus Elitas that Russian entities and individuals were attempting to use Turkey to bypass Western sanctions imposed over Moscow’s war in Ukraine, the Treasury Department said. In a phone call, the two also discussed ongoing efforts to implement and enforce the sanctions against Russia, the department said in a statement. In its own readout of the call, the Turkish finance ministry said Elitas had stressed Turkey’s deep economic and political relations with both Russia and Ukraine but also assured Adeyemo that Ankara would not allow any violation of the sanctions. “Elitas confirmed that Turkey’s position has not changed regarding the current processes and sanctions, but that it would not allow the breaching of sanctions by any institution or person,” the ministry said. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later