UPDATE 2-United States threatens Turkey with 'very significant' sanctions
- Country:
- United States
U.S. Treasury Secretary Steven Mnuchin said on Friday that President Donald Trump had authorized U.S. officials to draft "very significant" new sanctions to target Turkey after it launched an offensive in northeast Syria, adding that banks were being notified.
Mnuchin said the United States was not activating the sanctions at this time but would do so if necessary. "We are putting financial institutions on notice that they should be careful and that there could be sanctions," Mnuchin said.
"These are very powerful sanctions. We hope we don't have to use them, but we can shut down the Turkish economy if we need to," Mnuchin said. Mnuchin said Trump was concerned about Turkey's potential targeting of civilians and wants to make clear that Turkey cannot "allow even a single ISIS fighter to escape."
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Steven Mnuchin
- Turkey
- Donald Trump
- civilians
- US
- institutions
- Syria
- fighter
- ISIS
- Turkish
ALSO READ
US House to vote on TikTok crackdown; fate uncertain in Senate
Barnie Sanders endorses Susheela Jayapal for Congress
FACTBOX-At a glance: US presidential nominating contests and delegates counts for March 12
India-US relationship is very strong; Biden admin has strengthened it, says Ro Khanna
Olympics-Surfing-Japan picks Aussie-born O'Connor for bonus Olympics spot