The United States on Friday warned Turkey about the export of chemicals, microchips and other products to Russia, which it claimed may be used by Moscow to boost its war efforts in Ukraine, reported Reuters.
The US Treasury Department’s top sanctions official Brian Nelson held talks last week with Turkish government officials and some private sector representatives, to urge them to more cooperation in disrupting the flow of such goods to Russia.
“In engaging with sanctioned Russian entities, Turkish businesses and banks could put themselves at risk of sanctions and a potential loss of access to G7 markets and correspondent relationships,” Nelson said.
He also added that Turkish businesses and banks should take extra precautions to avoid transactions related to potential dual-use technology transfers that could be used by the Russian military-industrial complex.
To mitigate these sanctions risks, Nelson encouraged the Turkish financial institutions to conduct enhanced due diligence in transactions with Russian entities and individuals, including in sectors particularly vulnerable to exploitation.