The trip marks the latest visit to Turkey by a senior Treasury official to discuss sanctions, following a string of warnings last year by officials, as Washington ramped up pressure on Ankara to ensure enforcement of US curbs on Russia
The US Treasury Department’s top sanctions official on a trip to Turkey and the Middle East next week will warn countries and businesses that they could lose access to G7 markets if they do business with entities subject to US curbs as Washington cracks down on Russian attempts to evade sanctions imposed over its war in Ukraine.
Brian Nelson, undersecretary for terrorism and financial intelligence, will travel to Oman, the United Arab Emirates and Turkey the week of Jan. 29 and meet with government officials as well as businesses and financial institutions to reiterate that Washington will continue to aggressively enforce its sanctions, according to a Treasury statement.
“Individuals and institutions operating in permissive jurisdictions risk potentially losing access to G7 markets on account of doing business with sanctioned entities,” the department said.
During the trip, first reported by Reuters, Nelson will discuss Treasury’s efforts to crack down on Russian efforts to evade sanctions and export controls imposed over its brutal war against Ukraine, Iran’s destabilizing activity in the region, illicit finance risks undermining economic growth, and foreign investment.
Source - The Algemeiner/Twitter - Image - Reuters