Skip to main content

US deputy treasury secretary in Turkey to warn against evading Russian sanctions

In a visit to Ankara Wednesday, US Treasury Deputy Secretary Wally Adeyemo plans to remind Turkey that anyone evading US sanctions against Russia will be held accountable.

Bermuda-flagged luxury yacht "My Solaris" belonging to Russian oligarch Roman Abramovich.
A yacht reportedly belonging to Russian oligarch Roman Abramovich sails near the Aegean coastal resort on Bodrum, in Mugla, southwest of Turkey, on March 21, 2022. — IHLAS NEWS AGENCY/AFP via Getty Images

US Deputy Secretary of the Treasury Wally Adeyemo was scheduled to arrive in Ankara today where he is to meet with Turkish Central Bank governor Sahab Kavcioglu and Treasury and Finance Minister Nureddin Nebati. Adeyemo is expected to raise the Biden administration’s concerns over the flow of Russian funds and assets to Turkey, two officials familiar with Adeyemo’s agenda confirmed to Al-Monitor. They did not elaborate.

Adeyemo’s visit follows meetings with top officials in the United Arab Emirates, which has also become a big magnet for Russian oligarchs seeking to evade sanctions imposed in the wake of Russia’s invasion of Ukraine.

Related Topics

Subscribe for unlimited access

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more

$14 monthly or $100 annually ($8.33/month)
OR

Continue reading this article for free

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more.

By signing up, you agree to Al-Monitor’s Terms and Conditions and Privacy Policy. Already have an account? Log in