U.S. Treasury’s Adeyemo discussed Russia sanctions implementation in Turkey visit

U.S. Deputy Treasury Secretary Wally Adeyemo traveled to Turkey this week where he discussed Russia’s invasion of Ukraine and the enforcement of sanctions imposed on Moscow, the Treasury Department said in a statement on Saturday.

 

Adeyemo visited Turkey on Wednesday through Friday, the Treasury said, meeting with officials from the ministries of foreign affairs and of treasury and finance in Ankara and speaking with financial institutions in Istanbul.

 

The Treasury said Adeyemo discussed with financial institutions the implementation and enforcement of Western sanctions imposed on Russia following its Feb. 24 invasion of Ukraine, which has killed or wounded thousands.

 

“All parties expressed a desire to ensure that Turkey is not used as a haven for illicit financing and that the integrity of its banking sector continues to be protected,” the statement read.

 

Washington and its allies have imposed several rafts of sanctions targeting Moscow since its invasion of Ukraine, including targeting the country’s largest lenders and Russian President Vladimir Putin.

 

Since starting what it calls a special operation to demilitarize Ukraine, Russia has bombed cities to rubble and civilian bodies have been found in towns where its forces withdrew. It denies targeting civilians and says, without evidence, that signs of atrocities were staged.

 

Kyiv has criticized Turkey’s reluctance to impose sanctions on Russia since the invasion, but has also thanked Ankara for its diplomatic and military support to end the war, including hosting officials from both sides for peace talks.

 

 

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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.