By Humeyra Pamuk and Daphne Psaledakis WASHINGTON (Reuters) - The Biden administration is set to impose sanctions on five Turkish companies and a ...
Hurricane Lee to impact Atlantic Canada this weekend | SaltWireWASHINGTON - The Biden administration is set to impose sanctions on five Turkish companies and a Turkish national on Thursday, accusing them of helping Russia evade sanctions and supporting Moscow in its war against Ukraine, a senior Treasury official said.
The United States and its allies imposed extensive sanctions on Russia after its invasion of Ukraine, but supply channels from Black Sea neighbor Turkey and other trading hubs have remained open, prompting Washington to issue repeated warnings about the export of chemicals, microchips and other products that can be used in Moscow's war effort.
"These designations reflect our ongoing commitment to target individuals and entities who provide material support to sanctioned entities," the official added.The U.S. Treasury will designate Margiana Insaat Dis Ticaret and Demirci Bilisim Ticaret Sanayi, saying the companies were among those that Russia relied on for importing"much needed dual-use goods to enable its unprovoked war of aggression in Ukraine.
It will also target Turkey-based shipyard agency ID Ship Agency and its owner Ilker Dogruyol as well as CTL Limited, which the State Department said was an intermediary that ships electronic components of U.S.- and European-origin to companies in Russia. Ties with the U.S. have been strained over Turkey's reluctance to support the bids of Sweden and Finland to join NATO after Russia invaded Ukraine. While Finnish membership was sealed in April, Sweden's application remains held up by Turkey and Hungary.
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