Townhall - Tipsheet - Katie Pavlich
BREAKING: Trump Administration Threatens Sanctions on Turkey
Katie Pavlich | @KatiePavlich | Posted: Oct 11, 2019 2:20 PM
Source: (Presidential Press Service via AP, Pool)
Speaking from the White House briefing room Friday afternoon, Treasury Secretary Steve Mnuchin reiterated President Trump's threat to sanction the Turkish economy if the military goes too far with its invasion into Northern Syria.
"I just met with President Trump and he has authorized and will be signing a new executive order giving the Treasury Department in consultation with himself and Secretary Pompeo very significant new sanctions authorities that can be targeted at any person associated with the government of Turkey, any portion of the government. This will both primary sanctions and secondary sanctions that will be applicable. The President is concerned about the ongoing military offensive and potential targeting of civilians, civilian infrastructure, ethnic or religious minorities and also the President wants to make very clear it is imperative that Turkey not allow even a single ISIS fighter to escape."
"At this point, we are not activating the sanctions. But, as the President has said, he will provide very significant authorities based upon the continuing efforts. So he will be signing this. They will be active. We will be working in consultation with the Department of Defense and Department of State to moderating this very quickly. We are putting financial institutions on notice that they should be careful, and that there could be sanctions," he continued. "Again, there are no sanctions at this time, but this will be the broadest executive authorities delegated to us."
Treasury also issued a press release with more information:
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READ MORE: https://townhall.com/tipsheet/katiepavlich/2019/10/11/breaking-turkey-sanctions-n2554596
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