US threatens Turkish banks with sanctions for transactions with Russia

US representatives have contacted Turkish financial institutions and threatened them with sanctions if they continued to service transactions with Russia, according to a source in the Turkish financial consulting industry, Report informs referring to TASS.

"It is true that a delegation from the US came. Their representatives threatened our country's banks with so-called veiled or hidden sanctions for continuing relations with the Russian side," the source said.

It noted that transactions can still be carried out through Turkish banks, but this requires fulfilling several conditions and "providing certain documents and evidence" as part of the compliance procedure that the transaction does not violate current sanctions and restrictions.