On December 14, 2020, the United States (
US) imposed sanctions on Turkey pursuant to Countering America’s Adversaries Through Sanctions Act (
CAATSA) for “knowingly engaging in a significant transaction with Rosoboronexport (
ROE), Russia’s main arms export entity, by procuring the S-400 surface-to-air missile system.”
Background
In July 2019, Turkey closed the purchase deal with Russia.
On October 14, 2019, in response to Turkey’s military offensive into northeast Syria the Office of Foreign Assets Control (
OFAC) of the US Department of the Treasury designated two ministries of the Turkish Government and three Turkish Ministers on the Specially Designated Nationals (
SDN) List.
On October 23, 2019, President Trump announced that he was lifting the October 14, 2019 sanctions against Turkey.
declared an executive order declaring a national emergency. the defense of is threatening peace, security and civility in the region. i m fully prepared to destroy turkish economy turkish leaders continue down is dangerous and destructive path. these sanctions halt all trade negotiations and target 3 senior turkish ministers as desperate kurds, our 1-time ally, reach a military deal with syria to get support from the russian backed regime seriously complicating the situation in the region. nancy pelosi is blaming the president s decision is a reason for this turmoil is with a statement saying, quote, donald trump has unleashed escalation of chaos and insecurity in syria, sanctions against turkey falls short of reversing the humanitarian disaster. time will tell what happens but it didn t appear president erdogan is determined to continue the operation he started and finally the
he was transferred to house arrest at the end of july. that didn t go far enough for u.s. president donald trump who swiftly imposed sanctions on two senior turkish ministers . that in turn caused the lira to slide to a record low against the u.s. dollar continuing in a ready existing trends take a look at this. as you can see the number of turkish lira you need to buy a dollar has been rising since the beginning of the year but in august a record was set by turkish lira and now buying new just one u.s. dollar on surprisingly on the streets of istanbul the mood is far from offbeat. things aren t going in a good direction it s terrible that one u.s. dollar is now worth five yr are we ready have financial problems i don t approve of it things will get worse that s what we re expecting. turkey s dispute with
imposed further sanctions on two ministers and president rest of the wants cabinets after months of plunging exchange rates the currency is now hit a fresh low against the dollar inflation also rose again in july to nearly sixteen percent that s a fifteen year high increase in pressure on the central bank to hike interest rates . for days one issue has been dominating the front pages of turkey s newspapers. the country s spat with the united states has fueled fears of full blown economic turmoil. at the center of the dispute is u.s. pastor andrew brunson s seen here in a white t. shirt turkey accuses him of helping to plot a failed military coup in twenty sixteen after spending twenty one months in jail he was transferred to house arrest at the end of july to speak about that didn t go far enough for u.s. president donald trump who swiftly imposed sanctions on two senior turkish
welcome back. you are watching cnn newsroom. i m hannah vaughn jones. these are the headlines we are following this hour. reports say the south korea s ousted leader, park geun-hye, will leave the presidential blue house any time now. that is according to the news agency. a court upheld her impeachment over a corruption scandal on friday. the opponents have called for her arrest. she has lost her immunity. the dutch prime minister says the netherlands wants no part of the political campaign of turkish ministers in their country. it comes after dutch officials refused to let the turkish foreign minister s plane land for a rally. they fired back by sealing off the dutch agency. twin bombings in damascus have killed at least 40 iraqi shiite pilgrims. more than 120 others were wounded. no one has yet claimed