OFAC Measures Soften US Sanctions Against Turkey

By John Reynolds, Jeanine McGuinness and Will Schisa (October 18, 2019, 5:24 PM EDT) -- On Oct. 14, President Donald Trump issued a new executive order,[1] which authorizes the U.S. Department of the Treasury and U.S. Department of State to impose sanctions targeting the Turkish government in connection with its actions in Syria.[2] The Oct. 14 executive order introduces these new sanctions as part of a broad U.S. economic effort to stop Turkish military operations in northern Syria, which also includes an announced 50% tariff on imports of steel from Turkey, as well as the cancellation of trade agreement negotiations....

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