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U.S. warns to impose sanctions on Turkey

Arhama AltafWeb Editor

31st Oct, 2019. 10:45 am
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U.S. warns to impose sanctions on Turkey

United States (US) Secretary of the Treasury, Steven Mnuchin has warned Turkey that the Trump government has prepared a package of sanctions against Ankara. These restrictions may be enforced if needed.

He said that US is satisfied with the ceasefire in Syria so far. That is why the United States has lifted the ban on Ankara after Turkey attempted to impose a ceasefire. We will see that if Turkey violates the ceasefire, sanctions can be reinstated.

During an interview in Saudi Arabia, Mnuchin said that the list of sanctions on Ankara has been modified so that Vice President Mike Pence can negotiate with Turkish authorities in Ankara according to the list of additional targets.

He said that if the talks were not successful, the US would have imposed sanctions on Turkey.

Mnuchin added that the proposed sanctions against Turkey do not abolish the list, but rather put it in place so they can be enforced when needed. I think we are satisfied with the way things are going.

U.S. Treasury Secretary Steven Mnuchin is open to loosening financial crisis-era regulations that have stiffened liquidity rules for big banks to relieve possible cash crunches in short-term funding markets.

Mnuchin said in an interview Tuesday that he had spoken to Jamie Dimon, chief executive of JPMorgan Chase & Co., and other banks about how to avoid liquidity problems.

There may be a way around current regulations that creates more intra-day liquidity without raising risks, according to Mnuchin.

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