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United States threatens Turkey with 'very significant' sanctions

Published 10/11/2019, 02:22 PM
Updated 10/11/2019, 02:22 PM
© Reuters. Treasury Secretary Steve Mnuchin speaks at a news briefing

WASHINGTON (Reuters) - 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."

Latest comments

And just so you know, Erdohan will shot down Trump tower Istanbul if you impose sanctions. So we all know you won’t. Its bad for business
Well. This all does’nt matter any more. You backstabed the Kurds. The are being killed by the bunch. You economical santions do not matter any more. You Made america small again.
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