Explainer: Turkey’s Halkbank appeals to US Supreme Court in Iran sanctions case
The case comes at a tense time in US-Turkey relations as the Biden administration weighs whether to sell F-16 jets to Turkey.
The US Supreme Court heard arguments Tuesday on whether Turkey’s Halkbank helped the Islamic Republic of Iran evade American sanctions, in a bid from the juggernaut bank to try and avoid charges.
What happened: In 2019, the US Department of Justice charged Halkbank with bank fraud, conspiracy and money laundering, accusing the bank of “participation in a multibillion-dollar scheme to evade US sanctions on Iran,” according to a press release at the time.
