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HomeNewsGlobal NewsUS Department of the Treasury removes sanctions on Turkish senior officials

US Department of the Treasury removes sanctions on Turkish senior officials

WASHINGTON, USA —The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Wednesday removed sanctions imposed on the government of Turkey’s ministry of national defence and the ministry of energy and natural resources, as well as the minister of national defence, minister of energy and natural resources, and the minister of the interior, following Turkey’s pause in military operations in Syria as agreed to with the United States on October 17, 2019 (the October Ceasefire).

“As a result of the ceasefire, and at the direction of president Donald J. Trump, Treasury is delisting two Turkish ministries and three of the country’s senior officials,” said Secretary Steven T. Mnuchin.

On October 14, 2019, OFAC designated Turkey’s ministry of national defence and ministry of energy and natural resources for being a subdivision, agency, or instrumentality of the government of Turkey.

OFAC simultaneously designated Hulisi Akar, minister of national defence, Suleyman Soylu, the minister of interior, and Fatih Donmez, the minister of energy pursuant to E.O. 13894 of October 14, 2019, for being a current or former official of the government of Turkey.

“Wednesdays’ action is taken in consultation with the US Department of State, is a direct result of Turkey’s adherence to the terms of the October Ceasefire,” said the statement from US Department of the Treasury.

As a result of [today’s] action, all property and interests in property, which had been blocked solely as a result of these designations, are unblocked and all otherwise lawful transactions involving US persons and these entities and individuals are no longer prohibited.

 

 

 

 

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