A deal to let Turkey's Halkbank off the hook?
Jonathan Schanzer joins Thanos Davelis as we look into the latest reports that Turkey anticipates a settlement to the Halkbank issue that would allow the bank to avoid a protracted legal fight and pay a “manageable” fine, while breaking down what a settlement would send to others around the world about the seriousness of US sanctions.
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Show Notes
Recent reports, primarily in Bloomberg, indicate that Turkey anticipates a settlement to the Halkbank issue that would allow the bank - indicted in 2019 for conspiracy to evade US sanctions on Iran to the tune of tens of billions of dollars - to avoid a protracted legal fight and pay what it called a “manageable” fine. Thanos Davelis digs into this story with Jonathan Schanzer, the Executive Director of the Foundation for Defense of Democracies, as we look at the message such a settlement would send to others around the world about the seriousness of US sanctions.
You can read the articles we discuss on our podcast here:
Turkey Anticipates Manageable Fine to Settle Halkbank-US Dispute
PM: Greece ready to support diplomatic efforts for peace in Gaza
Former PM Tsipras resigns as MP, pledges continued political activism