US imposes sanctions on Turkey in response to aggression in Syria

Donald Trump’s administration has hit members of the Turkish government with sanctions

                                

Authorities in the US have imposed sanctions on Turkish ministries and senior officials following recent attacks in Syria.

According to an order published by the US Department of the Treasury, the move targets Turkish defence and energy ministries, along with the ministers of defence, energy and interior. Their assets in US banks will be frozen, and transactions involving US payment systems will be banned.

The official press release claims that the actions Turkey took in Northern Syria are destabilising the region and undermining the campaign to defeat ISIS.

According to the BBC, US president Donald Trump held a phone call with Turkish leader Recep Tayyip Erdogan, urging him to immediately stop the aggression. Meanwhile, Vice-President Mike Pence eyes travelling to the region “as soon as possible”.

The recent aggression in the region began last week, when Turkish troops tried to push the Syrian Democratic Forces (SDF) led by the Kurds further from the border. The country’s military forces are aiming to create a safe zone in the troubled area. Almost two million Syrian refugees will reportedly be sent there from Turkey.

Just a few days ago, Trump ordered to withdraw all US troops from Syria amid growing tensions in the region.

At press time, Borsa Istanbul 100 Index (XU100), a joint index of Turkish companies, was up 1.4 per cent despite the sanctions.

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