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More US sanctions for Turkey if they don't obey

17 August 2018

"We put sanctions on several of the Cabinet members", Mnuchin said.

The threat of new sanctions made it clear that no immediate end was in sight to the showdown between Ankara and Washington that has rattled financial markets and strained decades of strong military and political alliance.

"We've already responded based on the World Trade Organization rules and will continue to do so", Trade Minister Ruhsar Pekcan was quoted as saying by the state-run Anadolu news agency.

The recent rebound in the Turkish currency came after Qatar announced a $15 billion support package and the country's banking regulator moved to limit the amount of the local currency banks can swap for foreign currencies with counterparts.

Kristina Arriaga, vice chair of the US Commission on International Religious Freedom, recently returned from Turkey. Its leader lives in Pennsylvania and the USA has rejected calls from Turkey to have him extradited.

His case was back in the headlines on 18 July when a Turkish judge in Izmir chose to keep Brunson in jail until his next hearing in October.

China has spoken out in support of Turkey following the threat of additional United States sanctions.

Last week, a Turkish delegation headed to Washington as the two countries attempted to hammer out their differences with little success.

Trump, who doubled steel and aluminum tariffs on Turkey, said the steel tariffs have kicked in the aluminum tariffs will take effect soon. Erdogan has retaliated this week, raising tariffs on a list of American products.

"Turkey - they have not proven to be a good friend".

The lira has clawed back some ground over the last two days - after losing nearly a quarter of its value on Friday and Monday - but economists are warning that Turkey must urgently address its economic imbalances to avoid more trouble.

That case has increased speculation that the bank itself could be fined for sanctions-busting. She wouldn't be drawn on whether the Trump administration would respond. The US has refused to extradite Fethullah Gulen, who lives in Pennsylvania.

Trump has repeatedly asked for Brunson's release, while Ankara said the decision was up to the court.

"We told them that at least we have to see some goodwill, you have to promise us something".

A Trump administration official told the Associated Press Thursday that National Security Adviser John Bolton spoke Monday with the Turkish ambassador to the US telling him to release Brunson. "So the delegation turned back to Ankara, but the communication never stopped".

"Certainly the president has a great deal of frustration on the fact that Pastor Brunson has not been released as well as the fact that other USA citizens and employees of diplomatic facilities have not been released, and we're going to continue to call on Turkey to do the right thing and release those individuals", she said.

More US sanctions for Turkey if they don't obey