Economy

Trump authorizes administration to slap 'significant' sanctions on Turkey

Trump authorizes administration to slap 'significant' sanctions on Turkey

President Trump threatened Friday to impose "very significant" sanctions on Turkey over its decision to bombard American-allied Kurds in northeast Syria.

"There are no sanctions at this time, but this will be the broadest executive authorities delegated to us", Mnuchin said during the briefing.

However, he added, a spherical of robust sanctions was within the works and may very well be activated if Turkey's invasion of Syria escalates or ISIS prisoners escape.

Mr. Mnuchin said that banks should be on notice for potential sanctions actions by the United States.

The Trump administration threatens sanctions on Turkey after the country's military offensive in northern Syria. He said now that ISIS had been defeated, there was no reason for USA troops to remain. The people killed, Akar said, were members of the Kurdistan Workers Party (PKK), which the USA has designated as a foreign terrorist organization (FTO), and fighters from the Kurdish People's Protection Units (YPG).

Trump issued his preliminary menace on Twitter on Monday.

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President Trump will sign an executive order giving the Treasury Department new powers to punish Turkish government officials if Turkey targets ethnic and religious minorities in its operations against the Kurds. "We do not want to lose an additional thousands of Turkish citizens at the hands of PKK as a result of the terror corridor in the making on the other side of our border with Syria".

Treasury also said Friday that if Turkey undermined "the continued counterterrorism activities of the Syrian Democratic Forces" that would be another trigger for sanctions.

"It is a situation that we're all concerned about", Mnuchin said.

One of the Republican party's leading voices on foreign affairs, Senator Lindsey Graham, has announced a bipartisan sanctions bill similar to that of Engel and McCaul.

An SDF spokesman said Friday that five ISIS militants have broken out of a prison in Qamishli city, northern Syria, after nearby shelling. It also emphasized that Turkey must not "allow even a single [Islamic State] fighter to escape" in the offensive.

"President Trump should immediately reverse his decision to withdraw the small number of Special Forces supporting the Syrian Kurds in the fight against ISIS", said Van Hollen, who has worked with Graham to write legislation sanctioning the Turks for their military operation in Syria.


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