- Turkey’s booming wartime trade with Moscow took a giant step back on Wednesday with confirmation that the last three banks still processing Russian card payments were pulling out under pressure from Washington.
- US Deputy Secretary of the Treasury Wally Adeyemo paid a rare visit to Ankara and Istanbul in June to express Washington’s worries that Russian oligarchs and big businesses were using Turkish entities to evade Western sanctions.
- The Treasury sent a follow up letter to Turkish banks and businesses in August warning that they cannot expect to have “access to the US dollar and other major currencies” if they trade with sanctioned Russians.
Turkey Bows To US Pressure, Cuts Russian Bank Ties
