US Deputy Treasury Secretary Wally Adeyemo raised concerns that Russian entities and individuals were attempting to use Türkiye to evade sanctions, according to a Treasury readout issued on August 19, 2022.
Adeyemo discussed implementation and enforcement with Turkish Deputy Finance Minister Yunus Elitas. The readout referred to sanctions imposed by the United States and 30 other countries in response to Russia's invasion of Ukraine.
He reiterated US interest in the success of Türkiye's economy and the Treasury's commitment to working with the Turkish government to protect the integrity of its banking sector.
The statement reported concerns about attempted evasion. It did not announce new sanctions on Türkiye or establish that the Turkish government as a whole was violating sanctions.
Read more at US Department of the Treasury.
